Community foundation gets $100,000 donation
Truckee-Tahoe Community Foundation representatives revealed this week that a Truckee resident donated $100,000 to the newly established trust.Although not announced till this week, the donation was made shortly after the foundation was created in February when businessman William Hewlett created the foundation with a $1 million gift.The $100,000 gift from the resident, who wishes to remain anonymous, will be matched with funds from Hewlett’s second $1 million matching grant to the foundation. The gift was deposited this week.”How about that,” said foundation organizer Jim Porter. “Not even one week old and we have an endowment of $1.2 million. Not a bad start.”Porter said the anonymous donor was impressed with the community foundation concept.The foundation has also received sizable donations from Northstar-at-Tahoe and Porter’s Ski & Sport, bringing the total above the $1.2 million mark.”With the dollar-for-dollar match, these two community leaders increased our permanent endowment by another $50,000,” said foundation board member Breeze Cross. “Some of Porter’s funds will ‘pass through’ to local non-profits, including the Tahoe City Beautification Project, Lake Tahoe Music Festival, Tahoe City Rotary foundation, Truckee Rotary River Access project and the North Lake Tahoe Boys & Girls Club.”This week, the foundation’s organizers adopted its mission station:”The Truckee-Tahoe Community Foundation matches philanthropic interests with charitable needs to enhance the quality of life i the Truckee-North Tahoe community.”The foundation fulfills its mission by: attracting charitable gifts to build a permanent endowment with the versatility to meet donor needs; and leveraging resources by partnering with other foundations and organizations; and providing grants and resources to address current and future environmental, social, community and cultural needs; and serving as a community leader by identifying unmet needs and interests and mobilizing support to address them.”Sierra Sun E-mail: email@example.comVisitors Guide | News | Diversions | Marketplace | Weather | CommunityCopyright, tahoe.com. Materials contained within this site maynot be used without permission.About tahoe.com…
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