A.L. Lee Memorial Hospital Health Fund to be Administered by Oswego County Community Foundation
March 19, 2015- The Oswego County Community Foundation (Oswego Foundation) has had an exciting few months, having reached its $500,000 fundraising goal in only two years of operation. It is now beginning to map out its grantmaking strategy for the coming year, including the distribution of grants from the A.L. Lee Memorial Hospital Health Fund.
This field-of-interest fund, administered by the Central New York Community Foundation, was established in 2009 upon the closing of A.L. Lee Memorial Hospital. After 100 years of serving the Oswego County community, hospital administrators sought out a partnership with the Community Foundation to carry on the charitable intent of those who left bequests to support the charitable needs of the hospital. The establishment of the Oswego Foundation provided a vehicle for local ownership of the grantmaking decisions for grants from the Lee Memorial fund. Grants will support Oswego County organizations that promote healthcare access and quality and will be selected by the Oswego Foundation’s leadership council.
“We are very pleased that the Central New York Community Foundation has confidence in our ability to steward these assets on behalf of the residents of Oswego County,” said Oswego Foundation’s Vice Chair Randy Zeigler. “These assets will add to our impact and allow the foundation to target specific health related grants.”
The Oswego County Community Foundation, a geographically specific endowment, provides a source of permanent charitable dollars for nonprofits serving residents of Oswego County. With the initial fundraising goal of $500,000 now met, the Foundation will award grants to local nonprofit organizations with programs ranging broadly from arts and culture, environment and animal welfare, education, human services, health and civic affairs.
“With the emergence of the Oswego County Community Foundation and its recent success in completing its initial endowment match campaign, we think it is entirely appropriate that charitable grants from these funds now be overseen by the Oswego Foundation Leadership Council,” said Community Foundation President & CEO, Peter Dunn.
To learn more about the Oswego County Community Foundation, including how to make a contribution, visit www.OswegoCountyCF.org. The Oswego County Community Foundation is a component of the Central New York Community Foundation, www.cnycf.org.
Established in 1927, the Central New York Community Foundation encourages local philanthropy by supporting the growth of permanent charitable endowments for the betterment of the region. The Community Foundation is the largest charitable foundation in the region with assets of more than $172 million. It awarded $9.5 million in grants last year to nonprofit organizations and since its inception has invested nearly $130 million in the community. The Community Foundation serves as the steward of charitable legacies for individuals, families and businesses through the administration of nearly 650 funds. The organization also serves as a civic leader, convener and sponsor of special initiatives designed to strengthen local nonprofits and address the region’s most pressing challenges.