For the Good of Our Community
The purpose of the New Paltz Community Foundation is to enhance the quality of life in the New Paltz region for current and future generations. Community foundations are a popular and established way for individuals, families, civic organizations, and other foundations to support worthwhile projects within their communities. The New Paltz Community Foundation administers and manages funds donated to it by people interested in the quality of life in the New Paltz area. We are a not-for-profit, 501 (c) 3 corporation set up to accept tax-exempt gifts.
We're Bringing New Life to Hasbrouck Park!
On April 2, 2008, The Village of New Paltz Board of Trustees passed a resolution to support the New Paltz Community Foundation project to restore, improve and enhance Hasbrouck Park. Click here or on drawing below for more info...
In 1994, more than 400 communities in the United States had established foundations, some dating from the turn of the century. These foundations administered over $10 billion in assets, received $1 billion in gifts and awarded more than $652 million in grants to their respective communities. Nationally, community foundations are the fastest growing form of philanthropy.
The New Paltz Community Foundation, Inc., (NPCF) established in 1997, was initially sponsored by the New Paltz Economic Development Corporation. The Development Corporation board believed it was crucial to nurture philanthropic efforts within the New Paltz community. They saw that some community needs are best satisfied through philanthropy, not taxes. After initiating the formation of the Foundation, the organization was entrusted to a Board of Directors. Each member of the NPCF's nine-member board of directors serves a term of three years.
How Can You Support the Foundation's Work?
The Foundation as a vehicle for estate planning. Advice of your financial or legal counsel may suggest this as an avenue for you or your family to do well by doing good in your community. A memorial fund dedicated to the life of someone who has been active in or cared deeply for the community of New Paltz.
Project Planning. Plan installations, memorials, events or activities to be funded by bequest.
Make a cash donation and enjoy the immediate tax advantages allowed by law and explained in detail by your financial or legal advisor. Donate property for use or sale or stocks which have appreciated in value.
Typical Foundation Projects
Educational: Special Projects (grants to teachers) School equipment (scientific, art, etc.) Special Programs (bringing a program to school) Scholarships (memorial, commemoration)
Public Facilities: Visitor information booths, signage, public toilets, street and park furniture, trees, shrubs, flowers, graffiti removal, etc.
Field of Interest: Things of particular interest to the donor, for instance, markers on historic sites, seminars, exhibitions on particular subjects, museums or libraries, special events (e.g., lecture series, music).
Donor Advised Funds: Any contribution the Foundation administers according to the donor's recommendation. Memorials, for instance. Designated Funds: The income from a designated fund is regularly given to a specified charity.
Unrestricted Gifts: Donations to be used based on the criteria of the Foundation's mission statement and bylaws.
For more information about the New Paltz Community Foundation, its goals and programs, or to send a donation, please contact the Foundation at info@newpaltzfoundation.org or write to:
New Paltz Community Foundation
P.O. Box 1112
New Paltz, NY 12561
info@newpaltzfoundation.org |
