Community Foundation reports high growth in ’05
Philanthropy continues to grow in the Truckee-North Tahoe region, say representatives of Truckee Tahoe Community Foundation.
Over the past year, Truckee Tahoe Community Foundation significantly increased assets, revenues, and grants awarded to nonprofit organizations.
At the end of the year, total assets approach $10 million. Grants awarded exceeded $1.1 million. Although most grants benefit programs close to home, one of the advantages of giving through the community foundation is the flexibility to reach farther afield when necessary.
“TTCF’s growth is a testament to the growing commitment of permanent and part-time residents to invest in our region,” Lisa Dobey, CEO of the community foundation, stated in a news release. “We gather, grow, and grant charitable funds to benefit Truckee and North Lake Tahoe.”
Endowed funds with the Truckee Tahoe Community Foundation are the community’s “nest egg,” steadily producing income that can address the community’s changing needs over time. Through TTCF’s endowment, the community controls its destiny. There’s no bureaucratic system, just local people making decisions about local needs.
“One of the joys of giving in a region like ours is that permanent and part-time residents can easily see where the dollars go and what they accomplish and that’s powerful,” said Scott Ryan, community foundation board chairman, in a news release. “Because TTCF is in touch with the community, we can readily facilitate a donor’s specific wishes or help put the donor in touch with innovative, effective organizations the donor may not know about.”
For more information on Truckee Tahoe Community Foundation, visit http://www.ttcf.net or call 587-1776.
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