By Molly McIntire Photos by Igor Kraguljac, Igor Kraguljac Photography
A Legacy for Good, Forever The Community Foundation began as an initiative to assist individuals, businesses, and nonprofit organizations in the Brazos Valley by establishing and managing permanent endowment funds that will continuously benefit local charities, organizations and churches, and create scholarship opportunities. According to the Community Foundation website, there are several types of funds available:
- A Donor Advised Fund allows a donor or business to be actively involved in the grant process. The Foundation ensures the charitable status of beneficiaries and provides additional grant making and administrative support.
- Donor Designated Funds enable a donor to choose one specific organization that will benefit from annual grants.
- A Scholarship Fund gives deserving young people the opportunity to continue their education by focusing the funding on students or educational programs.
- With a Field of Interest Fund, instead of choosing an organization, donors choose issues that matter to them, and then the staff will connect with nonprofits that address those specific issues.
- Unrestricted Funds offer the broadest options for charitable giving by allowing the staff to independently identify the most crucial needs of the community and target the funding where it will be most effective through competitive grants.
- An Agency Endowment Fund provides organizations and their supporters with an opportunity to establish sustaining and permanent funds to support the organizations needs of a charity or program.
The Community Foundation Tribute Luncheon On April 24, hundreds of Brazos Valley residents will gather in the College Station Hilton to recognize three individuals for their generosity and service to the community. The 2017 Tribute Luncheon, hosted by the Community Foundation, will honor Gary Blair, Celia Goode-Haddock, and Larry Hodges for their ongoing gifts of time, talent, and financial resources in support of a better community.
This year, the Community Foundation will achieve the $1 million mark in distributing grants, gifts, and scholarships to local nonprofits and students. The Community Foundation, which was established in 2003 by the late Sam Sharp, originally was set-up without a lead endowment gift to create the foundation. Since then, the foundation has grown and currently manages a $3.4 million endowment that consists of more than 72 different funds.
More than 17 different non profits are associated with the Community Foundation, including Aggieland Humane Society, Brazos Valley Food Bank, the Theatre Company, Boys and Girls Club of the Brazos Valley, Hospice Brazos Valley and more. The foundation currently serves the seven county area of the Brazos Valley.
“In a simple way, we advance community giving by connecting those who care with causes that matter,” says Patricia Gerling, president of The Community Foundation of the Brazos Valley.
Endowments are protected and managed by professional investment organizations so that the funds are continuously producing grants that are distributed back into the community. The foundation also serves as a means to keep donations and funding local, rather than being dispersed away from the region.
“We live here, we play here, we work here, and we want all of our giving to stay [in the Brazos Valley] and benefit important causes and quality of life needs,” says Gerling.
Donations of any amount may be made through any gift of cash, stocks, IRA distributions, retirement funds, or real estate, says Gerling. Homeowners may even sign their homes over to the foundation for future use while still living in it, or include the Community Foundation in planned giving through their wills. Currently, there are more than 40 funds with the Community Foundation that are established in someone’s name or in memoriam.
Davis Watson, chairman of the Board of Trustees, presides over the board meetings for the Community Foundation, where business affairs related to the foundation are discussed and handled as a team. Each member of the (Luncheon continued from Page 6) board may undertake different roles or be part of a subcommittee, such as the investment committee or grant committee. Board Members also assist in matching donors with nonprofits and organizations, as well as reviewing scholarship and grant applications.
“[The Community Foundation] is really a collaboration of the various board members and the roles that they have undertaken. If there are any decisions that need to be made, we make them as a board together,” says Davis Watson.
Each April, the Community Foundation hosts an annual celebration of philanthrophy — the Tribute Luncheon, which not only will celebrate the three individuals for their service to the community, but also will invite guests to get involved with the foundation and see where donations have been put to use in the community. The luncheon also serves as a means to fund annual operating expenses for the foundation.
“Any donations that go to the foundation can go straight to the community,” says Tribute Luncheon Chair Molly Watson. However, the luncheon serves as an important fundraiser for the foundation.
Lunch reservations are $50 for individuals, and must be made by April 14. Reserved sponsored tables are available if purchased in advance.
Guests will enjoy lunch prepared by the Hilton, receive updates about the efforts of the Community Foundation, and watch videos of friends and family of Gary Blair, Celia Goode-Haddock, and Larry Hodges talking about the honorees’ accomplishments.
“I like to joke that it’s like a rehearsal dinner, and you get to hear all the wonderful things about people that the community loves. It’s just a lot of fun, and very uplifting,” says Molly Watson.
This year’s Tribute Luncheon will take place on Monday, April 24, at 11:30am in the College Station Hilton and will end around 1pm.
For more information about the Community Foundation, visit cfbv.org.
To receive a formal luncheon invitation or for more information regarding the Tribute Luncheon, contact Patricia Gerling at president@cfbv.org or (979) 589-4305.
Meet the Honorees
Biographies Courtesy of The Community Foundation Photos by Igor Kraguljac, Igor Kraguljac Photography
Celia Goode-Haddock
Editor’s Note: INSITE’s review of Coach Blair’s new book, “A Coaching Life,” can be found here.