Community Foundation Breaks Fund Record by 25%
January 2, 2008 (Syracuse, NY) – The Central New York Community Foundation opened a record number of new funds in the final quarter of 2007, which ended on December 31, 2007. Between October 1 and December 31, 20 new funds were formed. This outdistances the previous record, set in the final quarter of 2006, by 25%. These new funds are comprised of Unrestricted, Designated, Donor-Advised, Scholarship, and Field-of-Interest Funds.
The Central New York Community Foundation offers a range of charitable funds that allow donors to advance a cause such as education or the environment, support an individual organization, provide flexible support for community needs or recommend individual grants.
“This is exciting to us because it demonstrates the ever-expanding capacity and desire that the people of this community have to give charitably. We are pleased that the Central New York community is able to reap the rewards of the Community Foundation’s increased visibility and credibility as the place that helps make your charitable giving and legacy-building easy,” said Peggy Ogden, President and CEO.
The Central New York Community Foundation has served Onondaga and Madison Counties for over 80 years, receiving, managing and distributing charitable funds for the benefit of not-for-profit organizations. Grants are awarded for programs in the areas of human services, arts and culture, education, environment, health, economic development and civic affairs. The Community Foundation has over $117 million in assets and awards nearly $5 million in grants to not-for-profit organizations annually.