Annual Report - Community Foundation of Western Massachusetts

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2 0 0 7 - 2 0 0 8 B O A R D O F T R U S T E E S Davis Scheibel Barrows Brown Constantine Daboul Deliso Fritz Hill Leary Nieto Ortega-Bustamante Pearson Picknelly Rice Scott Steele Torres Woods Carroll Griggs Atkinson Fuller Gallup Starr Stephen A. Davis, Chair Ventry Industries, LLC Elizabeth D. Scheibel, Vice Chair District Attorney for the Northwestern District Dana R. Barrows Director, Business & Estate Planning, Northwestern Mutual Financial Network Bruce Brown Retired President, Monarch Life Insurance Company Ruth Constantine Vice President for Finance & Administration, Smith College Peter J. Daboul Retired Executive Vice President and Chief Information Officer, MassMutual Financial Services Jean M. Deliso Owner, Deliso Financial and Insurance Services Michael Fritz President, Rugg Building Solutions Willie L. Hill, Ph.D. Director, UMass-Amherst Fine Arts Center (New Trustee, October 2007) Carol A. Leary, Ph.D., Past Chair President, Bay Path College Sonia M. Nieto, Ph.D. Retired Professor of Language, Literacy, and Culture, School of Education, University of Massachusetts, Amherst Isolda Ortega-Bustamante Director, Engaging Latino Communities for Education (New Trustee, October 2007) Sandon S. Pearson Retired President, Springfield Advertising Company Peter A. Picknelly President, Peter Pan Bus Lines Timothy S. Rice President, The Rice Companies Mary Ellen Scott President, United Personnel Services Richard B. Steele, Jr. Managing Member, Longmeadow Capital Partners, LLC M. Idali Torres, Ph.D. Associate Professor of Public Health, University of Massachusetts, Amherst (New Trustee, October 2007) Margaret F. Woods Owner, Woods Appraisal Group EMERITUS TRUSTEE Robert S. Carroll, Past Chair Retired President, Excel Dryer Corporation Alfred L. Griggs, Past Chair President, A. L. Griggs Industries, Inc. CHARTER TRUSTEES Robert B. Atkinson, Past Chair Senior Partner, Bulkley, Richardson and Gelinas, LLP Helen Fuller Corporator, Springfield Library and Museums Association John G. Gallup, Past Chair Retired Chief Executive Officer, Strathmore Paper Company David Starr President, Republican Company 54 Community Foundation of Western Massachusetts
G I V I N G B A C K Starting a Fund at the Community Foundation The Community Foundation was designed to last forever, building permanent support for charitable work that is improving our world in the Pioneer Valley. The Community Foundation offers a variety of options for donors who share this ambition. The principal considerations when establishing a fund are: S ta r t i n g a F u n d – T h e B a s i c S t e p s How Permanent Funds Work Community Foundation attempts to make annual distributions to charity in perpetuity by preserving principal. Distributions restricted to distribution rate (currently 4.5% of principal). Funds may be designated for specific charities, fields of charitable interest, or geographic regions. Donors may choose to rely on the expertise of the Foundation’s Distribution Committee to support the greatest community needs most effectively. 4 4 4 4 4 4 Á Define your charitable goals; how do you wish to change our world? • Allow the Foundation to exercise its expertise; or • Choose to focus on a particular type of charitable endeavor; or • Choose specific charities to support; or • Stay involved in grantmaking decisions Choose the amount to give. Choose when to give: now, or via your estate plan. Choose assets to donate: • Cash • Privately held stock • Publicly traded stock • Mutual fund shares • Real estate • Life insurance policies • Retirement plan assets- IRA, 401(k), 403(b) • Private foundation assets Choose name for fund: • Honor someone in perpetuity • Create a lasting memorial Recommend an investment option. How Advised Funds Work Income tax deduction may be taken in the year the gift is made; distributions made at a later time of donor’s choosing. Donor recommends grants of any amount of $100 or more, at any time to public charities of choice. Groups may make grants together (i.e. families, companies, nonprofit agency boards.) Community Foundation of Western Massachusetts 55
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Community Foundation of Western Mas
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Paul Schnaittacher F o r t h e F i
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Page 63 and 64: Q u i c k Fac t s Founded 1991 Comp
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Annual Report - Community Foundation of Western Massachusetts

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