Foundation News Spring 2016 - Community Foundation of
Transcription
Foundation News Spring 2016 - Community Foundation of
To inspire philanthropy for the benefit of Washington County. Foundation News Spring 2016 The Community Foundation of Washington County MD, Inc. is a tax-exempt public charity created by and for the people of Washington County, MD. Scholarship Awards Did you know the Community Foundation has more than 50 awards available to local students preparing for a post-secondary education? We wor k with families, fr iends and or ganizations to cr eate lasting legacies through endowed scholarship funds that make awards forever. You can create a scholarship to memorialize or honor someone, celebrate your alma mater or promote a chosen career field. You can also contribute to any of our existing scholarships at any time. Here are two examples of how scholarships can make a difference to the donor as much as the recipient. In January, the Forrest Family created the Melissa Collins Memorial Scholarship at the Foundation to memorialize Melissa who passed away last May at the age of 17. Melissa attended North Hagerstown High School, participating in her school’s chorus, drama club, show choir and women’s ensemble. After graduating from high school, she planned to attend HCC and major in music therapy or music education. This scholarship will award students graduating from North Hagerstown High School who participated in a music or drama program offered at the school. The Forrest Family, which includes Melissa’s boyfriend, Ben, hopes this fund will help the community remember Melissa for her sweet spirit, and not for the tragic way in which her life ended. Last month, the Farnen Family presented Grace Lowe with the Andrew Bryan Farnen Award for Gifted and Talented Youth. Andrew’s family created this fund in memory of him and his love of both the arts and sciences, particularly mathematics. It is intended for students between the ages of 14 and 21 residing in Washington, Frederick, Carroll, Howard or Baltimore Counties to assist with the purchase of musical instruments, art supplies, computers, books and other educational materials. This year’s recipient, Grace Lowe, takes AP classes, is in marching band, the Thespian society and chorus. She plays the flute, cello and ukulele. Grace will use her award towards her attendance at a prestigious summer music program in Boston. For more information on our scholarships, visit our website at www.cfwcmd.org. 1 Executive Director Notes Greetings! First and foremost, I would like to welcome our newest board member to the Community Foundation: Brandon Younger, who serves as president of the Younger Auto Group, which consists of Younger Toyota/Scion, Younger Nissan, Younger Mitsubishi and Mercedes-Benz of Hagerstown. I also wanted to let you know that for the fourth year in a row, the Community Foundation will sponsor Washington County Gives, a 24-hour online giving event to help raise unrestricted dollars for local nonprofits. Please mark your calendars now to donate on Tuesday, May 3 to one or mor e of the 73 par ticipating or ganizations! Did you know the Endow Maryland Tax Credit starts anew for 2016? This credit once again allows Washington County residents to claim a 25% state tax credit when they create or contribute to an unrestricted community endowment fund at the Community Foundation. The Endow Maryland Tax Credit allows every community foundation in the state to distribute $15,000 worth of tax credits ($60,000 worth of contributions) on a first-come, first-served basis to its local donors who contribute a minimum gift of $500. All community foundations in the state have until June 30 th to claim their allocation. After that, any unclaimed credits become available to any foundation on a first-come, first-served basis. Once again, we have limited the first $15,000 in tax credits to unrestricted community funds since we try to affect positive change in our communities to local nonprofits through our unrestricted granting program. Our board feels this tax credit provides the perfect opportunity to increase our available granting dollars while helping donors create a family legacy of giving. The Foundation’s minimum for a named endowment fund is $5,000, which we hope will incentivize many in our community to create a family fund. Please call me at (301) 745-5210 or e-mail me at [email protected] if you have any questions. With warmest regards, What Legacy Will You Leave? Including a charitable bequest in your will is a simple way to make a lasting gift to your community. When you make this gift through the Community Foundation, we establish a special fund that benefits the community forever and becomes your personal legacy. As a legacy donor, you would simply include the Community Foundation of Washington County MD in your will as a bequest and specify an amount or percent of your estate. You then work with the Foundation to determine the type of fund or funds you would like to establish with your gift. You can name a specific nonprofit to benefit from your fund or create an unrestricted fund where the Foundation’s professional staff considers your charitable wishes and determines the areas of community need that would benefit the most from it. Upon your passing, the Foundation sets up a special fund in the name you chose. It could be your name, your family’s name, or in honor of any person or organization. Thus, instead of setting up multiple agreements with different organizations, you have one bequest pointing to the Community Foundation. Based on your wishes, the Foundation will make contributions from your fund for you forever, fulfilling your legacy of giving. 2 New Funds of the Foundation Our donors have created the following 16 new funds since November 2015: Melissa Collins Memorial Scholarship Blanton Croft Fund for Meals on Wheels Dolina Phelan Family Fund R. Lee & Ann Marie Downey Fund John & Susan Itell Family Fund Bernie & Marguerite Lesky Family Fund Betty Jane Miller Fund Mir Family Charitable Fund Miss Washington County/Miss Western Maryland Pageant Fund National Road Heritage Foundation Endowment Fund Evan Price Music Scholarship Odell Rosen Scholarship Fund Ernie Truax Fund for Hancock Rescue Squad Rodney Scott Turner Scholarship Gary Weaver Fund for Big Brothers Big Sisters Western Maryland FCA Endowment Fund Help us save on trees and expenses—send an email to [email protected] and type NEWSLETTER in the Subject line. We will send the newsletter to you electronically in the future! 3 2015 People’s Choice Awards The Foundation’s annual People’s Choice Awards honors individuals from the community who exemplify the term “unsung hero,” people who give generously of their time and talents to make Washington County a better place to live. This year we honored Blanton Croft, Ernest Truax and Gary Weaver. In addition to recognizing these individuals at the annual dinner, we create a $5,000 designated endowment fund in honor of each recipient. We established the following funds for this year’s winners: Blanton Croft Fund for Meals on Wheels, Ernie Truax Fund for the Hancock Rescue Squad and Gary Weaver Fund for Big Brothers Big Sisters. We appreciate the generous support of the following businesses that help make the People’s Choice Awards possible: Albright Crumbacker Moul & Itell, LLC; BB&T; The Family Heritage Trust Company; The Hershey-Fitzsimmons Group of RBC Wealth Management; M&T Bank; Mason Investment Advisory Services, Inc.; WPS, Inc.; William Dutton Family Fund; Marshfield Associates; Herald-Mail Media; Valley Mall & WHAG. Washington County Gives 2016 Mark your calendars now for Washington County Gives 2016 on Tuesday, May 3! This event provides participating, local nonprofits with the chance to receive unrestricted dollars as well as have the opportunity for matching dollars and prizes throughout the 24-hours. We have 73 nonprofit organizations participating and $76,000 in matching funds and prizes. Last year’s event brought in $364,080 in online donations, matching funds and prizes for 68 organizations. This year we have added a celebration event taking place on Wednesday, May 4 from 4:30-6:00 pm at the USMH Plaza. Please join us to celebrate everyone’s successes! Thank you to all of our sponsors for helping make this event possible: Hershey Family Foundation, The Fletcher Foundation, Pauline Anderson Foundation, Howard Bowen Family Fund, Thompson Gas and Mathias Trust. We would also like to thank our media sponsors for helping us get the word out: VerStandig Broadcasting (104.7, 101.5, 92.1 & 1380 AM), Herald-Mail, What’s NXT, High Rock Studios and Leitersburg Cinemas. For a full list of participating organizations, visit www.washingtoncountygives.org. 4 Community Needs Sometimes, the Community Foundation receives specific, urgent needs from our local nonprofit organizations. To meet one or more of these needs, please contact the person listed next to the organization’s name directly. Thank you for your assistance! BISFA: Dance costumes for spring concert; Cost = $1,170 ($30 x 39 dancers); Contact Mimi Dickinson at (240) 347-4934. Brave HEART: Equicizer, a mechanical horse simulation to reduce anxiety for veterans participating in equine therapy; Cost = $1,500; Contact Laura J. Lane-Unsworth at (301) 730-6343. Cedar Ridge Children’s Home & School: Ten twin mattresses for residents in residential home for boys; Cost = $1,400; Contact Beth Schroyer at (301) 582-0828, Ext. 122. Discovery Station: Free weekly community education program materials & support; Cost = $1,000; Contact Brittany Wedd at (301) 790-0076. English & More: Bookshelves and folding tables, may be gently used; Cost = $50 each; Contact Virginia Wilson at (301) 465-0473. Hagerstown Choral Arts: 15 lightweight folding stools for easy transportation to different performance sites; Cost = $400; Contact Charlotte Trout at (301) 791-1716. Heritage Academy: Automated External Defibrillator to benefit the school & community; Cost = $1,231; Contact Stephanie Stamper at (301) 582-2600. The Maryland Theatre: Replace fire escape door at alley entrance; Cost = $1,500; Contact Jessica Green at (301) 790-3500. Mason-Dixon Council BSA: Help send a kid to camp; Cost = $167 to fund 50% of a weeklong resident camp or $75 to fund a day camp at 50%; Contact Mark Barbernitz at (301) 739-1211. Potomac Case Management: Re-stock food and hygiene supply bank for clients; Cost = $1,000; Contact Dawn Johns at (301) 791-3087, ext. 203. REACH: New commercial exhaust fan for men’s bathroom; Cost = $900; Contact Jodie Ostoich at (301) 733-2371. San Mar Children’s Home: Living room carpet for Anderson House; Cost = $1,600; Contact Terri Siefert at (301) 733-9067, ext. 101. Wells House: New bedding & bath linens for residential treatment center; Cost = $1,432; Contact Cynthia Terl at (301) 739-7748. Women’s Club Foundation: A new copier; Cost = $1,500; Contact Linda Ogilvie at (301) 739-0870. YMCA of Hagerstown: Three picnic tables for new outdoor pavilion; Cost = $500 each; Contact Maria Rubeling at (301) 739-3990 ext. 4213. Young Life Washington County: Fender Passport Event portable audio system; Cost = $700; Contact Matthew Seifarth at (301) 991-1697. 5 The Community Foundation offers a wide variety of funds, allowing donors the greatest flexibility in meeting their charitable goals. You may establish any of the following funds with a minimum gift of $1,000, with growth to $5,000 within five years: Community, Field of Interest, Designated, Scholarship or Memorial. 33 W. Franklin Street, Suite 203 Hagerstown, MD 21740 All funds are managed carefully and prudently by professional investment managers and administered by CFWC. We protect donor intent, while at the same time complying with federal tax requirements. The Foundation retains the right to make final decisions regarding the management, administration and distribution of all funds. (301) 745-5210 www.cfwcmd.org Facebook.com/cfwashingtoncountymd BOARD OF TRUSTEES John P. Itell, Chairman Did You Know? Father Stuart Dunnan, Vice Chairman The Community Foundation’s five-year annualized investment return makes it one of the top performing community foundations in the country. Mitesh B. Kothari, M.D., Past Chairman 2015-16 Corporate Sponsors Michael G. Day, Vice Chairman Cynthia Moore, Treasurer Ted Reeder, III, Secretary Carol R. Becker Howard “Blackie” Bowen Andy Bruns Rich Daughtridge Robert Ernst, II Douglas Fiery Mark Fulton Louis J. Giustini John R. Hershey, III Constance Manger Stuart L. Mullendore Steven P. O’Farrell Brad Pingrey Melissa Reabold Ann Marie Rotz Elizabeth Schulze Todd Snook Mary Helen Strauch Robin Twigg Brandon Younger Staff: Bradley N. Sell, Executive Director Kristy Smith, Programs & Donor Relations Manager Ally Sirbaugh, Communications Director 6