“Tell me, and I’ll forget. Show me, and I may not remember. Involve me and I’ll understand.”
- Native American Proverb
From time to time, I like to update readers with some highlights and happenings from the Crown Point Community Foundation office.
After Sept. 1, the latest round of grant applications was reviewed by the Grant Committee, which takes the time to study each proposal. They try to get a good understanding of the nonprofits and their projects and programs.
After much discussion, they funded 20 projects for a total of $58,559. Some of the projects that were awarded a grant include:
- $3,970 to Boy Scout Troop 48 for campership programs and equipment upgrades
- $2,500 to the Lake County Fairgrounds/Special Olympics project for the Harvest Festival
- $600 to the Old Homestead to purchase two new storm windows
- $3,000 to CP Teen MOPS program to equip teen moms with skills and resources
- $5,000 to the Lake Region Christian Assembly to purchase new furniture for the dining hall
A complete list of all grants awarded during the September cycle is available at www.theCPCF.org.
The foundation Grant Committee reviewed a total of 66 applications with requests totaling $365,176 this year. The requests always outweigh the available grant monies.
The foundation was able to award a total of $189,903 from the unrestricted pool of funds for calendar year 2013. The fund representatives of unrestricted funds make a financial commitment to the foundation and then allow the Crown Point Community Foundation Board to determine where the needs are greatest in the community. The generosity of donors to these unrestricted funds make these grants possible.
The foundation awarded five scholarships through the “Women over 21 Returning to School" program made possible through the Women’s Giving Circle Fund and subsidized by the 2013 Unrestricted Fund. The foundation received 24 applications for these awards.
The five recipients are – Tina Howarth, Tara Roman, Georgia Otte, Sara Troutman and Patricia Kupchik. Congratulations to these ladies and good luck as you continue your education.
As we enter these final months of 2013, we encourage you to make a gift to your community foundation. Your charitable gift, partnered with many others, helps to grow our community for the better. After all, the foundation exists to serve you and programs that help our communities.
As a reminder, the IRA Charitable Rollover has been extended through 2013. This allows individuals 70½ or older to direct a distribution straight from their IRA to the foundation without including the distribution amount on federal income tax returns.
This is a great way to take the Required Minimum Distribution (RMD) and avoid penalties. For philanthropically-minded donors who want to establish an endowment fund, please consider taking advantage of this unique opportunity. For more details, call me today.