$65K in Advised and Endowment Fund Gifts to CCF Help Nonprofits Realize Their Missions

WATERBURY, CT—November 9, 2011—Connecticut Community Foundation (CCF) recently received gifts and pledges totaling $65,000 from Southbury Public Library and Friends of the Beacon Falls Public Library to establish advised funds and the Pomperaug River Watershed Commission to establish an endowment fund for their organizations.

“Endowment and agency advised funds at CCF allow donors peace of mind,” said Ingrid Manning, CEO of Connecticut Community Foundation. “Donors to nonprofits with endowment funds at CCF are assured that their gifts will remain as part of a permanent endowment for the organization, and with advised funds, donors’ gifts will be used for specific projects. The assets in both types of funds are invested in CCF’s a well-diversified endowment pool.”

Many nonprofits do not have the time or resources to manage their own funds. Agency endowment funds and agency advised funds make it possible for the nonprofits to focus volunteer and staff time on their mission. CCF ensures that funds are distributed according to the wishes of the donor.

About the Southbury Public Library Advised Fund
With an establishing gift of $45,000, the Southbury Public Library Advised Fund will provide resources for projects at the library. Recommendations for grants from the fund come from an advisory committee including Shirley Michaels, chairman of the library board of directors and Jeff Krizan, chairman of the library investment committee. The Library established an endowment fund at CCF in 2005.

About the Friends of the Beacon Falls Public Library Advised Fund
A gift of $10,000 established the Friends of the Beacon Falls Library Advised Fund designated for library projects, particularly expansion opportunities. Funds may also be used to assist the library staff with programs, events, homebound deliveries, and raising money for the Library Wish List. An advisory committee including Wanda Mulinski, president and Isabelle Culotta, treasurer will recommend grants from the fund.

About the Pomperaug River Watershed Coalition Endowment Fund
The Pomperaug River Watershed Coalition (PRWC) established an endowment fund with a $2,000 gift and a pledge to reach $10,000 by the end of 2015. The PRWC initially established an advised fund in 2006 but wanted to have a fund appropriate for bequests and other estate gifts. The organization’s purpose is to protect the quality and quantity of water in the 90-square mile area of the Pomperaug Watershed that provides water and recreational opportunities to thousands of residents.

For more information about these funds, contact Ann Merriam Feinberg, director of Outreach and Development at 203-753-1315. To make a tax-deductible contribution to a fund, visit www.conncf.org, click “Donate Now” and search for the fund you wish to contribute to. You may also send a tax-deductible donation to the Connecticut Community Foundation, 43 Field Street, Waterbury, CT 06702.