lehigh valley community foundation
TRANSCRIPT
LEHIGH VALLEY COMMUNITY FOUNDATIONERIKA RIDDLE PETROZELLI , CPACEO
MICHAEL WILSONDI R EC TOR OF COM M UN I CATIONS
Good morning!
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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
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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
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Funder:
issue grants toother nonprofits
Unique expertise in place-based philanthropy, philanthropic planning, and endowments
What do we do?
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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?
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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
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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.
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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”
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Donor Defined
Community Investments
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Donor-Advised
Fund
Foundation Directed
Designated
Scholarship and Award Area-of-
Interest
Agency
Community Endowment
Capacity Building:Strengthen
organizational infrastructure
Community Leadership & Impact
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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
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In Focus: Census 2020
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Erika Riddle Petrozelli, [email protected](610) 351-5353 ext. 13
Carrie [email protected](610) 351-5353 ext. 10
Michael [email protected](610) 351-5353 ext. 18
www.lvcfoundation.org
Find us on Facebook, Instagram & LinkedIn
@LVCFoundation14