Community Foundation had great year
Truckee Tahoe Community Foundation reached a milestone at the end of last year – an endowment that exceeds $5 million.The board of directors set a goal of reaching $5 million by the end of December 2000. The goal was met and surpassed on Dec. 28. For young community foundations, $5 million is a point of critical mass.”It’s hard to imagine that less than three years ago, the idea of a community foundation had never crossed our minds. Clearly local residents and second homeowners were a step ahead of us. As soon as the vehicle for giving in the community was established, people stepped up the plate and started donating,” said attorney Jim Porter, a TTCF board member. “A community foundation is the perfect vehicle for people to invest in the Truckee-North Tahoe region.”Truckee Tahoe Community Foundation, established less than three years ago with a lead gift from William Hewlett, has stewarded more than $500,000 into the community.”We are partnering with our donors to support groups and organizations that address needs and opportunities in our region,” says Linda Brown, chair of the board. “Through donor gifts, we are able to provide many local non-profits with resources to strengthen their work.”TTCF has two types of grant making: in the competitive grantmaking program, non-profit organizations submit applications and a volunteer committee interviews them and selects the projects most likely to succeed. The other grantmaking process is called donor advised.Donor Advised funds are gifts to the foundation and the donor (or designee) advises the Foundation’s Board on gift giving. This can be as broad as “I want to support arts in the community,” to a very specific request such as “I would like to recommend a gift to the Kings Beach Library.” The majority of grants awarded by TTCF are Donor Advised.”We would be remiss in our duties, if we didn’t thank the people who helped the Foundation get started,” says Lisa Dobey, TTCF President. “First, of course is Bill Hewlett who died recently. His foresight and generosity established the Foundation and provided its initial seed money. We honor his initial investment by working hard to build the endowment.””We also want to thank the 46 families, individuals and businesses who are our founders – those who invested in us in our formative years.”Individuals and families include: Shirley and David Allen, Anonymous, Julie Bradley and Zeke Cornell, Polly and Tom Bredt, Linda and David Brown, Breeze and Ruth Cross, Cindy Darneal, Quinn Delaney and Wayne Jordan, Kathleen Eagan and James Duffy, Stuart Feigin, Matt and Kathy Gelso, Doc and Mary Gelso, Patricia Hellman Gibbs and Richard Gibbs, John and Judi Gingerich, Ernie and Tom Grossman, Ann and Nick Hackstock, William Hewlett, Fred and Barbara Ilfeld, Shirley and John Jorgenson, Brian Marsh, Bill and Christney McGlashan, Azad McIver, Luise and Roger Menges, Julie Motamedi and Don Rollofson, Jim and Marianne Porter, Craig and Alison Poulsen, Sandy Poulsen, Dave and Holly Rippey, Scott and Polly Ryan, Jim and Ginger Walsh, Betsy and Tom Watson, John Weaver, and Louise and Richard Wiesner.Businesses and foundations include Alpine Meadows, Alpine Winter Foundation, Booth Creek Ski Holdings, East West Partners, The FHK Companies, Lahontan, Law Office of Porter Simon, Northstar-at-Tahoe, Porter’s Ski and Sport, Resort at Squaw Creek, The Rock Garden & TNT Materials, Ryan Group Architects, Squaw Valley USA, Sugar Bowl Ski Resort, and Truckee Tahoe Lumber Company.While $5 million is small in the world of community foundations, to reach this milestone in less than three years is tremendous.”I think we’re now at the point where people see that we are trustworthy, committed, responsive, and here forever,” says Brown. “Our next steps are to encourage more people to contribute and continue building the endowment so that funds are always available to support important projects.”Truckee Tahoe Community Foundation’s goal is to grow local philanthropy to meet community needs and opportunities.For more information about the Foundation, call Lisa Dobey, President, at (530)587-1776 or email at email@example.com.
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