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Wednesday, June 15, 2011

Community Foundation for the Twin Tiers Hold Eighth Annual Meeting

Community Foundation for the Twin Tiers Hold Eighth Annual Meeting

The Community Foundation for the Twin Tiers (CFTT) recently celebrated its eighth annual meeting at the Towanda Country Club. Marilyn Bok, CEO said, “2010 was another eventful year for the CFTT since it instituted a quarterly newsletter and hired a part-time financial assistant. The theme chosen for the meeting and its annual report is “Helping You Create Better Communities.”

By the end of 2010 the Foundation’s had thirty-six funds under management and assets of $1.6 million. The Foundation gave out more than $56,000 in grant funds. The CFTT took on its first ever project fund called Angels over Iraq and Afghanistan whose mission is to send care packages to our troops serving in Iraq and Afghanistan. As of the end of 2010 they had sent over 6 tons of goods valued at over $40,000.

One of the highlights of the meeting was a presentation by Kristy Griffith, Executive Director of the Big Brothers Big Sisters Program (BBBS). They were the recipient of a Floyd Hooker Foundation Fund to provide their services to the youth of Tioga County, New York. With the grant she received, Ms. Griffith stated BBBS used the funds to do publicity and investigate the launching of a school-based BBBS program at Waverly High School. They also solicited adults and children for their community-based program.

Bill Ransom, Board Chair, presented Certificates of Appreciation to those individuals and organizations that had donated $500 or more to the CFTT in 2010. He also announced the newest members of the Visionary Society: Best Buy Children’s Foundation, Guthrie Healthcare System, Howard & Olynda Smith and the Troy Lions Club. Membership in the society is restricted to those who have given $5,000 or more to the CFTT. There are now thirty-three members of the society.

The members of the five County Advisory Boards were introduced by their Chairs and thanked for their work. They assist the foundation’s Board in the grant selection process, public relations and fundraising. Representing Bradford County - Stacee Bellows, Mike Lovegreen, Hank Pliske, Jody Place, Bill Ransom, Richard Robinson, Howard Smith, and Susan Storch (Chair);
Representing Potter County - Elizabeth Cowburn, Helene Nawrocki, Benjamin Olney (Chair), Laurie Shear, John Snyder, and Barbara Welfling;
Representing Sullivan County-Norton A. Borges Jr., Frank Comfort, Dora McCarty, Anastasia McMahon-Farrell (Chair), Newt Pendleton, Bob Raff, and Tom Shannon;
Representing Tioga County, NY-Marty Borko (Chair), Linda Jayne, Elaine Jardine, Chadd Lankford, and Jessica Schillmoeller; and
Representing Tioga County, PA- Jim Bogaczyk , Lowell Coolidge (Chair), David Flesch, B. John Gee, Tom Freeman, Fred LaVancher, Leo Parchesky, and Eugene Seelye.

The Finance/Investment Committee charged with overseeing the investment of the endowment funds and general financial matters of the foundation consists of Larry Alderson, Frank Comfort, B. John Gee, Joe Landy, Leo Parchesky (Chair), Joseph Picco, and Bill Ransom. Bill Ransom gave a summary of the work of the committee and its success in 2010 managing investments that earned a 10.6% rate of return.

In closing Bill Ransom, gave the report of the Internal Audit Committee in the absence of Lisa J. Welch, committee Chair. Other committee members are Renee Kinsley and Tim Hickey. Their work has consisted of looking at all the internal functioning systems of the CFTT and their compliance with accepting auditing procedures. The Nominating Committee, chaired by Susan Storch reported on the 2011 slate of officers: Chair Bill Ransom, Vice Chair Lowell Coolidge, Treasurer Leo Parchesky, and Secretary Dora McCarty. She also announced the incoming Board members who will be serving new four year terms: Bill Ransom, Joseph Picco and Rev. Thomas Shatto

The Community Foundation for the Twin Tiers (CFTT) is a non-profit public charity established to encourage community philanthropy in order to enhance the quality of life for those who reside in Bradford, Potter, Sullivan and Tioga Counties in Pennsylvania and Tioga County in New York State. The mission of the CFTT is to continuously improve the present and future quality of life in the counties served by the Foundation. The CFTT establishes endowment funds for charitable purposes from contributions of companies, individual citizens, other foundations, other charitable organizations and government agencies. As the endowment funds grow, the interest earned on these funds is returned to the community in the form of grants.

To learn more about the CFTT or to establish a fund you can contact the organization by any of these methods: telephone - 570-888-4759; fax - 570-888-2179; email – cftt@stny.rr.com ; or visit the website - www.twintierscf.org .

CFTT is dedicated to making a difference locally “for good – for ever”

Photo--Kristy Griffith, Executive Director of Big Brothers Big Sisters, explaining how she used the grant she received from the Floyd Hooker Foundation Funds at the Community Foundation for the Twin Tiers (CFTT).


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