Community Foundation Fundholder Services Increase
During 2018 we doubled our staff in Stewardship, now two experts, Lauren Renda and Lyndsey Crossley manage Community Foundation key relationships. Over the last year, they have handled more than 700 grants, many with grant acceptance agreements and reporting requirements. Our goal is to build relationships that bring fundholders satisfaction and a deeper connection with their charitable giving and our community. As our capacity to serve grew, so did fundholder participation in Community Foundation initiatives and investment options.
- The Impact Investment option provides fundholders the opportunity to invest 3% of their charitable fund locally through the Impact Investment Fund. More than four dozen fundholders participate. In 2018 the Impact Investment was in Hillside Meadows, an affordable apartment complex for 44 low-income adults with a preference for veterans. The return is a fixed 3%, which is a competitive rate to other fixed-income instruments, and of course, the added dividend is the local benefit.
- Fundholders were also offered the chance to support the Community Endowment. And they did - more than $4 million was committed to the Community Endowment in 2018.
- Interested Fundholders were encouraged to make grants to support the Village on Sage Street. They responded by directing more than $1.8 million to fund permanent low-income housing, addressing a huge community need.