David Kronberg, Executive Director of the Greater Lowell Community Foundation recently told the Merrimack Valley Rotary Club that the Foundation " is a tax-exempt public charity that enables people to establish charitable funds."
He said that the funds are commingled with other funds and managed professionally. The assets grow over time and individuals are encouraged to continue giving to the fund and help it grow. Funds are awarded from the fund to support local non-profit organizations, in accordance with the individual's interests.
The Foundation is overseen by a volunteer board of leading cit
izens and run by professionals with expertise in knowing community needs. David said, "they go beyond simple making grants that advance charitable activities. They also identify current and emerging issues, stimulate resources to address those needs and help the region prepare for the future."The Foundation services 24 communities in the Northern Middlesex area in Massachusetts. Each year they distribute more than $ 1 million to local organization and scholarships.
For more infomation: Greater Lowell Community Foundation, 169 Merrimack Street, Lowell, MA 01852-1723, 978-970-2444, email: dave.gicf@verison.net, Web Page: http://www.glcfoundation.org/.
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