Waldorf, Maryland, March 13, 2012: The Community Foundation of Charles County would like to announce the creation of three new Funds. “A Fund, to a Community Foundation, is a charitable entity of money established by donors (individuals, corporations, nonprofits even the Community Foundation itself) to benefit nonprofit organizations for specific or unrestricted purposes and held as an asset of the community foundation,” according to Gretchen Hardman, Executive Director of the Community Foundation of Charles County.
The College of Southern Maryland established the Southern Maryland Nonprofit Institute Fund to support a staff position responsible for the planning and execution of workshops and seminars at the newly created Southern Maryland Nonprofit Institute. The Institute’s purpose is to provide support and training for our vital non-profit organizations throughout southern Maryland. The Institute seeks to enhance the effectiveness of nonprofits through the provision of training, networking and consultation services.
The Newcomb-Hart Foundation Fund is an organization endowment originally created by Kitty Newcomb Hart to support the Charles County Library’s technology projects, purchase materials, furnishings or equipment for capital building projects. When Emily Ferren, Director of the Charles County Library heard about the Community Foundation she quickly explored the possibility of moving the Foundation under our umbrella. “I think Emily’s decision to move the Foundation under the Community Foundation’s umbrella was based on the facts that she no longer needed a Board of Directors, she no longer needed a financial review, complete the Form 990 and track finances.” “When a fund is created at the Community Foundation, it is considered an asset of the Community Foundation and is included in the Foundation’s audit, finances and the ultimate responsibility is that of the Community Foundation of Charles County’s Board of Directors.
The Steel Lillies Fund created by the Bayer family of La Plata, MD, “to support and bring awareness to ‘non-breast’ cancers.” The family understands the importance of breast cancer awareness, and has participated in fundraisers for that effort. “However we desperately want to increase awareness around all cancers, as they are all devastating, and those suffering from all of the various cancers need the same kind of support and attention given to those with breast cancer,” stated Ms. Bayer. The Steel Lillies Fund was created in honor of their sister, Tiffany, who has been battling Sarcoma since being diagnosed in February 2011. The name comes from the steel rods put in Tiffany’s back to support her spine after the removal of several large tumors and ‘Lillies’ comes from Tiffany’s last name ‘Lill’. Their goal is to raise funds and awareness, but also to empower those who are battling this disease. The Steel Lillies Fund was created as a Seedling Fund, where the Fund can take in contributions but is not allowed to distribute grants until it reaches the minimum allowed. They are planning 2 annual fundraisers, one locally and one in Rochester, NY where Tiffany resides, including a 5k this summer.