Dick, Connie, and their families have lived in the Johnstown Community for over five generations. Their fund was created “to support organizations that help make this area great and to allow future generations to benefit from these ongoing programs.”
Establishing a Fund
Administrative Funds – This type of fund is for donors who wish to invest in the Community Foundation and further its charitable purposes by helping to defray its expenses. The long-term goal of the Community Foundation is to be supported entirely by its administrative endowment fund.
Agency Funds – Specific nonprofit organizations can establish a fund for which the income earned promotes its ongoing mission, builds a nest egg, and attracts future endowment gifts.
Donor Advised Funds – These funds, which are an attractive alternative to a private foundation, provide donors with a 100 percent tax deduction for the original and any subsequent gifts. Each year, the donor suggests deserving charities to benefit from the fund’s income or principal. Investment, paperwork, and grant monitoring are all handled by the Community Foundation, with recognition and thank you letters flowing to the donor.
Field of Interest Funds – This type of fund allows the donor to support issues of concern, such as the environment, the arts, health, children or education. Many donors enjoy participating in the process of identifying worthy projects.
Partnership Funds – Named funds can be established that allow a donor to make a gift to the Community Foundation which then “passes through” to their favored charity. This may be appropriate when anonymity is important or when many gifts are planned for a single asset.
Scholarship Funds – The Community Foundation administers dozens of different scholarships. These funds allow a donor to define the scholarship’s advisory committee, the guidelines for candidate selection, and the award’s use. Scholarships can benefit a particular educational institution or field of study. Creating a scholarship fund is simple and cost-effective.
The following names represent donors who gave during the fiscal year which ended June 30, 2016. The Community Foundation for the Alleghenies regrets any errors or omissions. Please notify us immediately so that we may address your interests.
The Community Foundation generally does not allow its name to be used in connection with fundraising being done by others, but it does make exceptions, in some cases, for fundraising intended to increase the assets of a fund. In such cases, the project must be approved, in writing, by the Foundation before the Foundation’s name is used and before any formal fundraising takes place. Also, while the Foundation appreciates your efforts, its staff does not do fundraising for individual funds. The following policies and guidelines have been developed to protect you and your fundraising group and to assure a successful outcome for both you and the Community Foundation.
Foundation Approval of Fundraising Events and Projects
Before undertaking any fundraising events or producing any materials which contain the Foundation’s name, you must have written approval from the Foundation. Please contact Paula Hencelx111), who will work with you to submit a fundraising application and budget prior to any beginning efforts. The project will be evaluated on its appropriateness, feasibility, practicability, and potential liability concerns.
The purpose of these policies and procedures is to provide guidelines for staff members, volunteers, and others who engage in fundraising activities for the benefit of and under the auspices of the Community Foundation for the Alleghenies. These policies and procedures apply to all fundraising, gift acceptance, and communication with donors or prospective donors. The intent of these policies is to ensure that donor’s wishes can be honored, community needs will be addressed, and the provisions of gifts are consistent with the Foundation’s overall mission.
All efforts within the Community Foundation to raise funds from private and public sources (individuals, corporations, foundations, trusts and others) for endowed or pass-through funds must be coordinated through the Executive Director and/or the Senior Director of Donor Relations.
Failure to coordinate fundraising activities may result in more than one individual or organization approaching a potential gift source at the same time. The result can be: confusion, embarrassment to the Community Foundation, an agency and the potential donor, and duplication of effort. Donors expect the Community Foundation to determine its priorities and make a single coordinated approach. Within the framework of priorities established by the Board of Directors and various committees of the Board, staff members will consult with those wishing to approach a funding source to determine the appropriate timing in light of Community Foundation, as well as community-wide, priorities.
Diane and I are blessed to be able to provide support to educational causes through the foundation. It gives us the potential for our gifts to appreciate in value. It also provides great convenience when we choose to make a donation. The staff is always very responsive and helpful.
Scott & Diane Little
I felt this is the right thing to do. It fits into my planning, and I get to direct what my funds will support.
Elmer LasloCEO, 1st Summit Bank
The perpetuity of a fund with the Community Foundation and the tax advantages that make it more meaningful are reasons enough when one wishes to support a favored program or benefit a worthy cause or organization well into the future.
I believe in the concept of ‘paying it forward.’ Throughout my life, I’ve been blessed with so much. By providing an estate gift to the Community Foundation, I’m expressing gratitude while also making an investment in the future.
A unique and satisfying way to make a professional and personal difference in the life of our community.
William “Bill” GlosserAttorney
A charitable bequest is a beneficiary designation or a provision in a will or trust that allows estate assets to pass to a charitable organization. Thoughtful planning will help you provide for the right beneficiaries, in the right manner, and possibly help minimize taxes.
William “Bill” RiceRegistered Financial Consultant
“Lifetime gifts and will bequests to the Community Foundation are simple, cost effective ways to provide long-term benefits and support to the charities that you have cared about all through your life, and it can also provide tax benefits for you or your estate.”