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Since being established in 1994, TRC Foundation has supported thousands of people with disabilities and their families by awarding more than $1 million in grants. A new partnership with the Chautauqua Region Community Foundation will only improve on that positive track record.
After more than a year of planning, officials from The Resource Center, TRC Foundation and the Community Foundation recently announced a collaboration that will see the dissolution of TRC Foundation and the transfer of its $2.2 million in assets to the Community Foundation. That money will be spread among several new endowment funds that will be managed by the Community Foundation:
Click here to learn more about these funds.
Despite the tremendously positive impact TRC Foundation has made, TRC and TRCF officials realized they could do even more by partnering with the Community Foundation. Established in 1978 to assist donors in making a positive impact on the local community, CRCF currently manages $94 million held in some 750 funds.
“The Community Foundation has a 40-year history of serving the greater Chautauqua region,” said Randy Ordines, the Chair of TRC Foundation’s Board of Directors. “(They) bring a vast amount of experience in fund and investment management, planned giving and fund development.”
“Because of CRCF’s experience, and the funds already entrusted to their management, we are able to reduce our overall administrative costs while at the same time ensuring the assets of TRC Foundation will be utilized for their intended purposes into perpetuity,” said Denise Jones, The Resource Center’s Executive Director.
The Community Foundation has been a longtime supporter of people with disabilities in Chautauqua County, having donated more than $50,000 over the years to The Resource Center to support a number of programs and initiatives. The new partnership strengthens the bond between the organizations.
“The Resource Center and TRC Foundation have profoundly impacted thousands of area residents with disabilities, as well as their families and fellow community members,” said Randy Sweeney, the Community Foundation executive director. “This new partnership with CRCF ensures that these relationships will continue today and into the future.”
Tax-deductible donations to any of the six named funds above benefitting The Resource Center can be made directly to the Chautauqua Region Community Foundation, 418 Spring Street, Jamestown, NY, 14701, or by visiting www.crcfonline.org. The Resource Center will also accept donations mailed to 200 Dunham Avenue, Jamestown, NY, 14701, or made online at www.resourcecenter.org.
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