LAWRENCEVILLE, NJ - The Princeton Area Community Foundation, the community foundation serving central New Jersey, has named Elizabeth B. Wagner, CFRE its new Vice President, Development. In this position, Elizabeth will oversee the Community Foundation’s asset-building and philanthropic education programs, and build the Fund for Women and Girls Giving Circle. Elizabeth will join the Community Foundation September 2.
Ms. Wagner comes to the Community Foundation from J.C. Geever, a fundraising consulting firm in New York City, where she was Vice President and a principal in the Firm. She is a member of the Board of Directors, Women in Development NY; and Co-Chair of the Association of Fundraising Professionals 2011 Fundraising Day in NY.
Elizabeth is a graduate of Smith College, and resides in West Windsor.
Andrew Lubas Recipient of the 4th Annual Thomas George Artists Award
LAWRENCEVILLE, NJ ---- Andrew Lubas of Branchburg, NJ has been named the winner of the fourth annual Thomas George Artists Award. The award is made possible through the Thomas George Artists Fund of the Princeton Area Community Foundation and allows Mr. Lubas to dedicate his attention full-time to drawing and painting for a limited period after graduation. This respite from the demands of school and workplace is intended to provide a time for career reflection and planning, and an opportunity to do art.
Mr. Lubas received his BFA in Digital Arts from The College of New Jersey in May 2010. Following graduation, he plans to focus his work on combining digital media with drawing and painting. This grant will give Mr. Lubas the ability to “concentrate all of my efforts on exploring my artistic vision.”
Thomas George is an internationally recognized Princeton artist whose work is included in the permanent collections of major museums, universities, corporations and private collections worldwide. He counts himself fortunate for having received financial support early on to study and practice his art. While the monetary assistance he received through the G.I. Bill and from his family was modest in size, it was immense in affect, providing him with the financial freedom he needed to explore and cultivate an art career. Mr. George established the Fund because he wishes to provide emerging artists with these same opportunities. More information on the Thomas George Artist Fund and the Artist Award is available at www.pacf.org
The Community Foundationpromotes philanthropy and builds community across Mercer County and central New Jersey. It provides charitable giving expertise to individuals, nonprofits and corporations, and makes grants to nonprofit organizations. Since its founding in 1991, the Community Foundation has granted over $28 million back into the community. For more information please contact the Community Foundation at 609-219-1800 or online at www.pacf.org
These grants are made in collaboration with the Piper Sutton Foundation, NRG Energy, BlackRock, and many charitable funds that support this competitive program including the: Charles L. and Ann Lee Brown Fund, James E. & Diane W. Burke Fund, Judith and Williams Burks Fund, Jane M. Campbell Fund, Esther Y. Eure Fund, Archer & Thomas Harvey Fund, Robert Wood Johnson Jr. Fund, LVC Fund, Leroy E. "Brick" Purvis Charitable Fund, Barbara B. Smoyer Memorial Fund, Marjorie R. Smoyer Fund, Stanley C. Smoyer Fund, Speir Fund, Frank E. Taplin Jr. Fund, Weymar Fund, Whitehead Fund and the Willy N. Fund, among many.
Nonprofits are selected which show evidence they can make the greatest positive impact on the people living in greater Mercer County.
The Princeton Area Community Foundation and Borden Perlman invite you to a morning seminar for Executive Directors, Trustees and Development Directors.
If your organization is wondering about planned giving and how to get started, then this session is a great introduction and good refresher course for nonprofit leadership. The seminar will:
• define planned giving
• provide examples
• explain legacy motivations of donors
• get you started prospecting
• give you steps to get started
About the speaker:
Bryan Clontz, CFP is President of Charitable solutions LLC, — a charitable gift annuity risk management, gift annuity reinsurance brokerage and non-cash asset consulting firm. For the last decade, he served as Vice President of Advancement at The Community Foundation for Greater Atlanta, and was formerly Director of Planned Giving at the national office of Boys & Girls Clubs of America and Director of Planned Giving for the United Way of Metropolitan Atlanta.
Pre-registration required by August 11 at 609.219.1800 Ext. 8 or tvolk@pacf.org
Registration $35
The Nassau Club
6 Mercer Street
Princeton, NJ 08540
Please note: Seating is limited to attorneys, accountants, financial planners, and wealth managers and we anticipate reaching room capacity quickly.
Bryan Clontz is President and Co-Founder of Charitable Solutions, LLC — a charitable gift annuity risk management, gift annuity reinsurance brokerage and non-cash asset consulting firm. For the last decade, he served as Vice President of Advancement at The Community Foundation for Greater Atlanta, and was formerly Director of Planned Giving at the national office of Boys & Girls Clubs of America and Director of Planned Giving for the United Way of Metropolitan Atlanta.
The Princeton Area Community Foundation has announced the fourteenth annual Leslie “Bud” Vivian Award for Community Service. The 2010 recipient, Jim Floyd, has served his community his entire life. The award will be presented by the Community Foundation to Mr. Floyd at a public ceremony in the Princeton Public Library’s Community Room, followed by a celebration on Albert Hinds Plaza on Thursday June 24 at 5 PM.
The Vivian Award for Community Service, established by members of the Princeton University Class of 1942, recognizes a person who exemplifies the late Bud Vivian’s commitment to serve the whole of the Princeton community. Bud Vivian often saw the need for community action to solve problems, understood how to generate constructive compromise, and had the tenacity to carry solutions through to completion. Previous winners include Marcy Crimmins, Reeves Hicks, Hank Pannell, Jocelyn Helm, Harry Levine, Ted Vial, Harriet Bryan, Pat Van Ness, Claire Jacobus, Anne Reeves, William Johnson, Karl Light, Sarah Hirschman, and Shirley Satterfield.
Jim Floyd is well-known as a tireless advocate for the community and his record of service to Princeton runs long and deep. Born and raised in Trenton, Jim moved to Princeton in 1946, the same year he married Fannie Reeves. Jim’s community service started at a young age when he served as his class and fraternity president while at West Virginia State College. He is well-known as Princeton’s first African-American mayor (1970 ) and he has served many years on the Borough Zoning Board, the Township Committee, the board of Corner House, and as a Charter Trustee of Princeton Community Housing. He has also served on the boards of the NAACP Legal Defense Fund, Mercer County Community College Foundation and the Princeton Area Community Foundation where he was a founder, and Chair of the Grants Committee for many years. He has served as an Elder of the Witherspoon Street Presbyterian church and a Clerk of the Session.
Nominators note that Jim “…has served many organizations loyally over many years, has given generously of himself, and continues to do so. He has challenged the Princeton community often. Jim was willing to speak up even at the risk of being unpopular but he has always had the community’s best interests at heart, he’s cared long after it was fun or comfortable, and he has bridged many divides, especially racial ones, willing to press for the best outcomes for the entire Princeton community.” Others noted their deep respect for him and his convictions, for his willingness to speak up for those whose voice was not always heard, and for his commitment to his town as a true activist and leader. “Jim has been a community organizer his whole life, well before it became chic to be one. He has kept our community together, informed, and active through his advocacy for better living conditions and human relations in Princeton.”
The Leslie “Bud” Vivian Award for Community Service is made possible through the Vivian Memorial Fund, an endowment fund of the Princeton Area Community Foundation.
The Fund for Women & GirlsGiving Circle cordially invites members and guests to
A Personal Journey of Philanthropy
Lunch with speaker, Cecilia Boone
Wednesday June 16, 2010
Noon to 2 pm
Greenacres Country Club
2170 Lawrence Road
Lawrenceville, NJ 08648
Registration required. Please contact Myriam Padro at mpadro@pacf.org or 609-219-1800 x 6
Sponsored by PNC Wealth Management
ABOUT THE PRESENTATION
Cecilia Guthrie Boone and her husband, with other partners, founded The Container Store in 1978. The financial success of that business started Ms. Boone on a journey that has brought her from the temptation to accumulate more things to the liberation of strategic philanthropy. She has learned to evaluate her choices in giving in terms of long-term impact rather than just short-term need. In this heart-felt presentation, Ms. Boone discusses her personal journey of giving and supporting other women to become true agents of social change in their communities.
ABOUT THE SPEAKER
Cecilia Guthrie Boone, co-founder of The Container Store, is now the President of the Boone Family Foundation in Dallas, Texas and an associate faculty member of the Women’s Philanthropy Institute at the Center on Philanthropy at Indiana University. She has spent her adult life focusing on issues and causes that impact the quality of life for women and girls.
Currently Ms. Boone is the fundraising chair of the Dallas Women’s Foundation thirty million dollar campaign. She is a member of the Harvard-Kennedy School Women’s Leadership Board and the international Women’s Funding Network board. In Dallas, she serves on several local boards.
The Princeton Area Community Foundation’s Spring 2010 Greater Mercer Grants cycle has received 60 proposals from local nonprofits (listed below) requesting a total of $1.2 million. The Community Foundation will grant approximately $450,000 in this cycle, to provide support in the following three categories:
program or project support for work that can make a real and sustainable difference in the lives of low-income people
operating support for organizations that work primarily with low-income people
work to build the social capital of the region (trust and relationships that can solve big problems and take advantage of opportunities to make our communities stronger).
Proposals are currently under review by our Director of Grants and Programs, Michelle Cash. The Grants Committee will meet twice in May and June to consider staff recommendations. Final decisions will be made in early July and posted on the Community Foundation’s website after we communicate directly with each nonprofit applicant.
Funding for this program is made possible from the following Community Foundation Funds:
Tristan Beplat Fund
Charles L. and Ann Lee Brown Fund
James E. & Diane W. Burke Fund
Judith and Williams Burks Fund II
Jane M. Campbell Fund
Esther Y. Eure Fund
Founders' Fund for Greater Mercer County
Fund for Mercer County
Archer & Thomas Harvey Fund
Robert Wood Johnson Jr. Fund
LVC Fund
Mental Health Fund
NRG Energy Fund
Princeton Youth Fund
Leroy E. "Brick" Purvis Charitable Fund
Barbara B. Smoyer Memorial Fund
Marjorie R. Smoyer Fund
Stanley C. Smoyer Fund
Speir Fund
Frank E. Taplin Jr. Fund
Trenton Community Fund
Weymar II Fund
Whitehead Fund
Willy N. Fund
Our next Greater Mercer Grant deadline for proposals is Wednesday, September 15.
The Community Foundation encourages local nonrpofits to attend our upcoming Grant Information Sessions to learn about our guidelines and priorities. Upcoming sessions will take place on August 12, 25, and 31.Click here to learn more.
The following nonprofits submitted proposals for consideration to the Community Foundation’s Spring 2010 Greater Mercer Grants
Aim for A2Z
American Cancer Society
Appel Farm Arts and Music Center
Arts and Business Council of Greater Trenton
Arts Council of Princeton
Better Beginnings Day Care Center of Hightstown/East Windsor
Big Brothers Big Sisters of Mercer County
Catholic Charities, Diocese of Trenton
Catholic Youth Organization of Mercer County
Center for Family Community and Social Justice
City Arts - Trenton
Committed Princetonians
CONTACT of Mercer County
Corporation for Supportive Housing - New Jersey
Crawford House, Inc.
Dress for Success Mercer County
Every Child Valued
Friends of Hopewell Valley Open Space
Greater Donnelly Neighborhood Initiative
HiTOPS
Housing Initiatives of Princeton
Institute of Wonderful Working Women for Empowerment
Intersect Fund Corporation
Isles
Jewish Family & Children's Services of Greater Mercer County
Over $50,000 in awards are available to local high school students through several Princeton Area Community Foundation Scholarship Funds including the Mary Elliott Wislar Memorial Scholarship, the Princeton Post No. 76 American Legion Scholarship, the A. Myrtle Hensor Teaching Scholarship, and the Louise Maas Allied Health Professions Scholarship. Full scholarship guidelines and application forms are available here
The deadline for all scholarships is May 1, 2010.
Winners will be announced on www.pacf.org on June 1, 2010
If your organization is planning or building an endowment fund or you’ve wondered what an endowment fund can do for your organization, then this session is a great introduction and good refresher course for nonprofit leadership. The seminar will help you:
nConsider the benefits and challenges of building an endowment
nUnderstand what makes endowment fundraising unique
Lead a board discussion on endowments
Understand the importance of donor intent
Identify the steps your organization can take to be successful in creating and raising an endowment
About the speaker:
Ralph M. Serpe, CFRE is Executive Vice President of the Princeton Area Community Foundation, the community foundation serving Mercer County and central New Jersey. Ralph oversees the Community Foundation’s fundraising, marketing and communications efforts, and works with professional advisors to provide charitable gift planning assistance to them and their clients.
Prior to joining the Community Foundation, Ralph was with Community Foundation Silicon Valley and Chase Manhattan Bank. Ralph received his B.A. in Economics from SUNY Fredonia, his certificate in nonprofit management from the San Francisco Support Center and is a Certified Fund Raising Executive. He currently serves as trustee of the Gift Planning Council of New Jersey and is a fundraising volunteer with St. Ann's Colorguard and the Boston Crusaders Drum & Bugle Corps, Boston, MA.
The Princeton Area Community Foundation recently elected four new trustees: Anne LaBate, Jeffrey F. Perlman, CPCU, Patrick L. Ryan and Denise M. Wilson . They join 21 other members of the board. Trustees act as ambassadors of the Community Foundation and guide its work. “We are very pleased to have these new members on our board” said President, Nancy Kieling. “Their community perspectives and insights will be very valuable in fulfilling our mission to promote philanthropy across central New Jersey.”
Anne LaBate is VP and Sales Associate with Segal Commercial Real Estate. She is a Director of the Mercer Regional Chamber of Commerce, Artworks, and the Trenton State College Corporation. She chairs the Arts and Business Council of Greater Trenton.
Jeffrey F. Perlman, CPCU is a Partner, Borden Perlman. He is the immediate past Chair of the Mercer Regional Chamber of Commerce, trustee of the Greenwood House, Home for the Jewish Aged, and Chair of the Greenwood House Foundation.
Patrick L. Ryan is the Founder and Chairman of Hopewell Valley Community Bank. He is the Vice Chair of the Princeton Regional Chamber of Commerce; and Chair of the Mercer Regional Chamber of Commerce Legislative Committee.
Denise M. Wilson is Executive Vice President and Chief Administrative Officer of NRG Energy, a $6 billion independent power producer with offices in the Carnegie Center, West Windsor.
Since its launch in September 2009, the Fund for Women & Girls Giving Circle has added over $27,000 to the Fund bringing its balance to over $386,000.
These new gifts combined with an annual payout from the endowment allowed the Giving Circle members to vote on $40,000 in grants to organizations addressing the needs of the region’s girls and the women who raise them.
On January 26th, 20 of the Giving Circle’s 46 members met to discuss the eleven proposals up for consideration. Following the thoughtful and insightful exchange, 11 voting members cast their ballots. The results:
$10,000 to Every Child Valued in Lawrenceville, NJ for the Young Women’s Mentoring Center which provides academic, social and emotional mentorship for girls and young women residing in Eggerts Crossing Village and its surrounding communities.
$10,000 to HiTOPS for the Latina Health, Education and Empowerment Program (LHEEP) working to decrease rates of teen pregnancy and STIs among Latina youth in Mercer County through science-based, peer delivered, and culturally specific education.
$10,000 to Mill Hill Child & Family Development Center for their Female Trenton PEERS Empowerment & Education program aimed at empowering at-risk Trenton girls of color with the support, knowledge and skills needed to make responsible, healthy life decisions.
$10,000 to Women’s Heart Foundation for Teen Esteem Health and Fitness which provides Trenton Central High School female students with a hands-on science-based nutrition and comprehensive health curriculum through a gym-alternative program.
Grants Reception April 7th at 4PM
A Grants Reception will be held on Wednesday, April 7, 2010 from 4pm to 5pm at the Community Foundation to celebrate the work of these organizations. Please contact us at 609.219.1800 to RSVP or email mpadro@pacf.org
NRG Awards Nearly $75,000 in Grants through Princeton Area Community Foundation
— Six New Jersey-based organizations each receive grants up to $15,000 —
LAWRENCE, NJ; January 28, 2010—The Princeton Area Community Foundation and NRG Energy, Inc. (NYSE: NRG) awarded approximately $75,000 in grants to six charitable organizations in central New Jersey. The grants will be used to provide educational services and assistance to underprivileged individuals and families.
“Our role as a community foundation is to encourage philanthropy as a tool for building better communities,” said Nancy W. Kieling, President of the Community Foundation. “By pairing charitable organizations with donations from philanthropic-minded local companies such as NRG Energy, together we can advance the well-being of our community now and in the future.”
“As a major employer and corporate citizen in the communities we serve, we take our social responsibility seriously,” said David Crane, President and CEO, NRG Energy. “We are thankful our work enables us to give back to our local community and make a positive impact on the lives of those less fortunate.”
NRG has donated more than $11 million in financial grants and donations over the past five years to non-profit organizations that address vital community needs through its NRG Global Giving program. The following organizations recently received grants from NRG:
Jeremiah Project ($15,000) - The Jeremiah Project Inc. was established in August 2007 to improve the well-being of Trenton’s East and South Wards residents through educational programs and food assistance. The “English at Jeremiah’s” project provides a working knowledge of English for non-native speakers.
Trinity Counseling Services ($15,000) - Trinity Counseling Services (TCS) has served the Princeton community since 1968. Counseling at TCS is offered by psychologists, social workers, counselors, clergy and psychiatrists. A sliding-fee scale allows counseling to reach those least able to afford services.
Family Guidance Center/Family Children’s Services ($15,000) - Family Guidance Center and Family & Children’s Services of Central New Jersey merged in April 2008 to better serve individuals in need of mental-health and substance-abuse treatment. They offer free group therapy, case management services, psychiatric evaluation and medication monitoring services for victims of abuse.
Mercer Street Friends ($15,000) - The mission of the Mercer Street Friends is to help the poor, sick and homeless by distributing food through the Mercer Street Friends Food Bank; in addition to providing clothing, adult basic skills, literacy, child-care services, job training, counseling, family support and medical services.
Rescue Mission of Trenton ($10,000) - Rescue Mission serves the truly needy men and women who have no place to turn for shelter, food and clothing. They provide a safe, clean and warm refuge for the homeless and others in need, as well as vital services and counseling.
Mobile Meals of Trenton/Ewing ($4,000) - Mobile Meals of Trenton/Ewing provides nutritious meals and related services designed to promote the independence, dignity, health and well-being of homebound residents in the Greater Trenton area. Mobile Meals serves more than 42,000 hot, nutritious meals to nearly 500 individuals annually.
NRG is committed to the communities it serves and actively supports targeted and sustainable service programs consistent with its four focus areas: community and economic development, education, the environment and human welfare.
About the Princeton Area Community Foundation
The Princeton Area Community Foundation promotes philanthropy to advance the well-being of our communities forever. The Community Foundation provides charitable giving expertise to individuals, nonprofits and corporations, and each year invests millions of dollars into the community through grants and scholarships. For more information on the Community Foundation please contact them at 609-219-1800 or online at www.pacf.org.
About NRG
NRG Energy, Inc., a Fortune 500 company, owns and operates one of the country’s largest and most diverse power generation portfolios. Headquartered in Princeton, NJ, the Company’s power plants provide more than 24,000 megawatts of generation capacity—enough to supply more than 20 million homes. NRG’s retail business, Reliant Energy, serves more than 1.7 million residential, business, commercial and industrial customers in Texas. A past recipient of the energy industry’s highest honors—Platts Industry Leadership and Energy Company of the Year awards, NRG is a member of the U.S. Climate Action Partnership (USCAP), a group of business and environmental organizations calling for mandatory legislation to reduce greenhouse gas emissions. More information is available at www.nrgenergy.com.
Wondering how to help with the earthquake relief efforts in Haiti? Our first suggestion is that gifts of money are the appropriate response. Supplies are difficult and expensive to transport, and only those on the ground in Haiti know exactly what is needed. Money will allow relief agencies the greatest flexibility.
Next, look for organizations that have the expertise to respond quickly and effectively at this time — relief agencies that have an historic presence in Haiti. They are already on the ground there, and understand the country and its people.
Some that meet these criteria are the American Red Cross, CARE, Habitat for Humanity International, Holt International, International Rescue Committee, Oxfam, UNICEF, Partners in Health, Save the Children. These are large organizations with real competence in disaster relief situations. Providing support directly is more efficient than giving through an organization that channels support but does not do the work itself.
Nichiren, Japanese poet and sage, mid ninth century
The family of Michael Robert Damato has created a Memorial Fund at the Princeton Area Community Foundation in his name. It is their hope that grants made by his fund will be both a lasting celebration of Michael, and a tribute to all the amazing character traits that he embodied.
Michael was truly a “gift from God”, and, although his life was much too short, it was a very full and rewarding one. He had indeed a passion for life that included everything and everybody.
Michael was a “born leader”, as well as a very committed Christian. It was his love of God, as well as his depth of sensitivity and understanding of people, that molded his life and directed his mission to share that message with all. For those who knew him, Michael was a source of inspiration and motivation, heightening everyone’s appreciation of life.
In addition, Michael was the epitome of the word “student”. As a matter of fact, he thoroughly defined the word. A straight-A student with an unending thirst for knowledge, he also excelled in extra-curricular activities, ranging from sports – basketball, golf, tennis, and football, to classical music and piano recitals. Family and friends will remember him for a wide spectrum of accomplishments – expressing his feelings through writing, quoting every conceivable sports stat, and his “take charge – do anything” mentality. Indeed his legacy will be his determination to succeed!
Michael’s smile alone would “light up any room”, and he surely did “light up our lives”. In “lighting a lamp for another”, Michael’s way was undoubtedly “lit”. It is thus that the family would hope that the grants in Michael’s name will “light the way for others”, and will recognize deserving recipients who embody all that Michael represented.
The family salutes the Princeton Area Community Foundation for its philanthropic work, and thanks you for your donation to the Michael Robert Damato Memorial Fund, knowing full well that “If you light a lamp for another, your own way, too, will be lit”.
Memorial gifts may be made by clicking here or calling 609.219.1800.
By clicking here you too can support our work of building a better community by encouraging the generosity of many and help the Community Foundation makes a significant difference in the lives of people all across the Princeton area.
As the region’s only nationally certified community foundation, The Princeton Area Community Foundation builds permanent resources to serve Mercer County’s present and future needs. With your support we have created an effective grant making resource that puts more than 99% of our charitable dollars back into our area’s strongest charities, leading the Community Foundation to be recognized as one of the most efficient nonprofits in the nation. In 2009 we were able to make 950 grants totaling $3.44 million dollars.
In 2010 we hope our consistent and responsible track record will justify your support. You have many opportunities to give to nonprofit organizations that work all across the Princeton area and your participation in the Community Foundation’s annual appeal is a great way to benefit those outstanding organizations now and in the future
To support our 2009 Annual Appeal, and join your friends and neighbors listed below, please visit the Donate Now! page or call us at 609.219.1800
I Am Trenton awards grants to agencies, organizations or individuals in Trenton in keeping with its overarching goal of supporting efforts that improve the community and add to the quality of life for Trenton residents. I Am Trenton's grant making program is designed to promote inclusion, equity and diversity in Trenton.
The current area of proposal requests - with a December 4, 2009 deadline for submitting proposals - is Community Development (Empowering the citizenry and improving the city). The competition relates to:
Grants and support for small businesses
Programming that supports and promotes wealth creation of citizens
Projects that create opportunities to empower the citizenry
Projects that strengthen neighborhoods through support of civic associations
Beautification projects on which residents work together
Further details about the guidelines, application process and the grant application are available for download at www.IAmTrenton.org.
It is anticipated that four or five grants will be awarded in this grant cycle and will be in the range of $500 to $1,000.
All proposals must be postmarked or emailed by December 4th to:
I Am Trenton
Grants Committee
P.O. Box 1743
Trenton, NJ 08607-1743
If you plan to apply for a grant during this cycle, you must contact I Am Trenton at grants@iamtrenton.org or call (609) 656-0222 to confirm that you plan to submit an application.
Remember the fear we all felt this time last year? The markets were dropping like a stone and we all wondered where the bottom would be. We knew we were living in a new and unfamiliar economy and we worried how the nonprofit sector would cope.
The Community Foundation was not guided by the alarm that permeated the news, but stayed true to its long-term investment horizon and maintained its discipline. What exactly does that mean, and what have the results been?
Our endowment is managed differently than your or my personal assets and retirement accounts. And they are managed differently than a nonprofit or business would invest the short-term cash it needs for payroll, rent, and program delivery or inventory.
So let me touch on three key differences.
First, a very long horizon. The Community Foundation's endowment pool doesn't have a life expectancy. It won't retire in 5, 10, or 25 years. Think of it as an investment horizon that is always looking out 40 years.
Second, our commitment to an asset allocation plan. Set and monitored by our Investment Committee, the asset allocation (available on our website at www.pacf.org) guides us to keep our investments diversified which helps mitigate risk.
And third, we have the discipline to re-balance our portfolio even in volatile markets. So when any one asset class gets too high, we sell and transfer those funds to an asset class that is below its target. Easier said than done because this approach requires us to always operate contrary to the prevailing markets.
The result? In 2008 our portfolio lost 20.5%; YTD through September 2009 it is up 14.55%. Buy low, sell high. It works.
By keeping our eye on the distant horizon, remaining committed to our asset allocation, and maintaining the discipline to re-balance, even in the most difficult times, the Community Foundation works hard to be a good steward of the long-term charitable assets entrusted to our care, because the community we serve depends on us.
The following new funds created in 2009 are all part of the Princeton Area Community Foundation. Created to promote and support the ideals of its founders, each fund has its own grantmaking focus.
Community Grantmaking Funds
Support the changing needs of the area through Greater Mercer Grants
• Archer & Thomas Harvey Fund
Operating Endowment Funds
Sustain our continuing work to build and nurture community philanthropy
• Thomas & Archer Harvey Fund
• Nancy W. Kieling Fund
Advised Funds
Allow donors to suggest beneficiary organization
• Circle of Anonymity Fund
• Vincent & Sonia Canterelli Charitable Fund
• Jacob Aaron David Fund
• Jim and Jean Davidson Fund
• Dodson Emerson Family Fund
• Margaret Mayhall Moore Fund
Designated Funds
Support specific nonprofit organizations or projects
• Alexander Michael Dodson Memorial Scholarship Fund
• J. Seward Johnson, Sr. Princeton Recreation Scholarship Fund
• Friends of Mercer County Equestrian Center Fund
• Dr. Vena Hampton Zimmerman Fund
Nonprofit Funds
Support programs, operations or capital improvement
• National Junior Tennis League of Trenton Fund
• National Junior Tennis League of Trenton Geisel Scholarship Fund
• Janet A. Westrick Fund for the Princeton Girlchoir
• Princeton Recreation Pool Fund
• Stony Brook-Millstone Watershed Association Fund
• Trent House Association Fund
Scholarship Funds
Accomplish specific educational objectives or underwrite opportunities for students
• Frank, Ada and Elizabeth Compton Scholarship Fund
When you’re ready to give back, consider establishing your own charitable fund with the Community Foundation and use it to support the causes you care about most. In addition to the good feeling that comes with making a difference, you get a little something extra — a legacy that lives on and on. Contact us to learn how you can make a difference that lasts forever.