lehigh valley community foundation

LEHIGH VALLEY COMMUNITY FOUNDATIONERIKA RIDDLE PETROZELLI , CPACEO

MICHAEL WILSONDI R EC TOR OF COM M UN I CATIONS

Good morning!

2

Question 1 for chat box:

What first comes to mind when you hear the

word “Philanthropist”?

Question 2 for chat box:

What do you think is the biggest community

issue facing the Lehigh Valley?

Staff and Board of Governors

3

Lead

ers

hip

& G

ove

rnan

ce • Erika Petrozelli, CPA,CEO

• Bernie Story, President

• Board of Governors(19 Members)

Fin

ance

& A

dm

inis

trat

ion • Trisha

Higgins, CPA,CFO

• Ashton Galasso

• Janis Strohl

Co

mm

un

ity

Rel

atio

ns • Carrie

Nedick

• Michael Wilson

• Linda Schmoyer

Co

mm

un

ity

Inve

stm

ents • Megan

Briggs

• Monique Moreno

• And growing!

What is the LVCF?

501(c)3 public charity:

accept charitable donations

4

Funder:

issue grants toother nonprofits

Unique expertise in place-based philanthropy, philanthropic planning, and endowments

What do we do?

5

CONNECT

VARIETY OF TOOLS AND TYPES OF FUNDS TO HELP

OUR DONORS ACHIEVE THEIR CHARITABLE

GOALS

GROW

BUILD A CHARITABLE LEGACY

FUND

TRUSTED & RESPECTED GRANTMAKER &

COMMUNITY LEADER WITH DEEP COMMUNITY

KNOWLEDGE

What is a Community Foundation?

6

Administrative & financial services, such as IRS reporting; grant distribution; investments; communications

Charitable FundCharitable

FundCharitable

Fund

Charitable Fund

Charitable Fund

Charitable Fund

Charitable Fund

Charitable Fund

Charitable Fund Charitable Fund Charitable Fund Charitable Fund

Charitable Fund

Charitable Fund

Charitable Fund

Charitable Fund

Charitable Fund

Charitable Fund Charitable Fund Charitable Fund Charitable Fund

Nonprofit Support

LVCF Board & governing docs = fiduciary oversight

Charitable Fund

Individuals and Families

Businesses and Groups

Nonprofit Organizations

Our Story: 2020 at a glance

$6 million in gifts

322 Nonprofits

258 Funds 671 grants

$6.7 million in grants

80% of assets are endowed

900

Gifts processed

7

The Stories of our Community

A community foundation is a collection of many charitable funds… many stories… each reflecting the diverse ways people choose to help their community and support the causes that matter to them.

8

The Stories of our CommunityFund: The Tore & Charlotte Hartmann-Hansen Fund for the Bethlehem Morning Star Rotary Charitable Organization

Purpose: Provides matching grants to the Rotary to augment the Rotary’s annual Charlotte & Tore Hartmann-Hansen Community Award

Type: Designated, Endowed

Establishing gift: IRA Qualified Charitable Distribution

LVCF provides:

Permanence

Independent oversight

“Back-up Plans”

9

Donor Defined

Community Investments

10

Donor-Advised

Fund

Foundation Directed

Designated

Scholarship and Award Area-of-

Interest

Agency

Community Endowment

Capacity Building:Strengthen

organizational infrastructure

Community Leadership & Impact

11

Cohort Lead for Federal

Reserve ROC Program

Co-founder of the Strategic Response Team & Technical Assistance sub-

group for Covid-19 Relief

Regional Partner for PA Council on the

Arts grants

Co-leader of 2020 Census

efforts

Co-leader of ProjectEquity

In Focus: Capacity Building Grants

12

In Focus: Census 2020

13

Erika Riddle Petrozelli, CPAErika@lvcfoundation.org(610) 351-5353 ext. 13

Carrie NedickCarrie@lvcfoundation.org(610) 351-5353 ext. 10

Michael WilsonMichael@lvcfoundation.org(610) 351-5353 ext. 18

www.lvcfoundation.org

Find us on Facebook, Instagram & LinkedIn

@LVCFoundation14