Community Foundation Update (04/01/17)

Community Foundation Update (04/01/17)

California

The California attorney general's office has confirmed that the findings of the Ventura County Community Foundation released last June with respect to its financial issues were accurate and has issued a number of recommendations to the foundation's board. In September 2015, VCCF provided the AG's office with extensive, detailed assessments of its concerns in addition to a series of proposed corrective actions that included rigorous cost-cutting measures. In a recently released letter, the AG's office instructs the foundation to take additional corrective actions. Under the terms of the agreement, the foundation will return $3.8 million it had used to purchase a building; replenish $1.8 million of lost or under-earned investment income to the affected funds and work with independent consultants to develop new financial procedures and policies; and provide additional fiduciary training over the next six months to current and future board members. The AG's office also agreed to the stipulation that the corrective actions not be seen as an acknowledgment of wrongdoing by the foundation's board.

The San Francisco Foundation has appointed Abdi Soltani, executive director of the ACLU of Northern California, to a five-year term on its board. Prior to joining the ACLU, Abdi served as a community organizer and led a number of public policy campaigns in the state.

Indiana

The Central Indiana Community Foundation has announced that the Indianapolis Foundation, one of its affiliates, has awarded grants totaling $1.5 million to twenty-nine organizations serving Marion County. Funds were awarded in the areas of health and human services, education, and economic development. Recipients include the Community Alliance of the Far Eastside, Dig IN, the Indianapolis Parks Foundation, and Nextech.

Massachusetts

The Boston Foundation has announced eleven grants totaling $170,000 in support of organizations working to provide legal services and community outreach to Boston-area residents, with a focus on immigrants and other vulnerable communities. Recipients include GLAD, the Massachusetts Law Reform Institute, the Islamic Society of Boston Cultural Center, and the African Community Economic Development of New England.

New Hampshire

The New Hampshire Charitable Foundation has announced thirteen grants totaling more than $520,000 through its Upper Connecticut River Mitigation and Enhancement Fund. The grants are expected to leverage more than $2 million in additional project funding and will support a range of activities, including dam removal, the restoration of free-flowing streams, and improvements to fish habitat, water quality, and flood resilience. Recipients include the Connecticut River Watershed Council, the Hanover Conservancy, the Vermont River Conservancy, and Trout Unlimited.

New Jersey

ArtsBergen, an initiative of the Englewood-based Northern New Jersey Community Foundation, has issued a call for artists living or working in New Jersey for Creative Hackensack's "The Utility ARTBox Project." Working with the Hackensack Main Street Alliance's Creative Arts Team and the Hackensack Cultural Arts Department, ArtsBergen will select five artists or teams of artists to design and paint murals on five utility boxes in the city. Applications are due April 17, 2017.

North Carolina

The Foundation for the Carolinas in Charlotte has announced that it has surpassed the $2 billion mark in total assets under management, more than doubling its assets since 2012, when it passed the $1 billion mark. The foundation also reported significant improvements to its client services in 2016, including a reduction in fees for standard service funds, expanded investment options, and technical enhancements to its fundholder experience.

Ohio

The Greater Cincinnati Foundation, in partnership with the Scripps Howard and Duke Energy foundations, has announced the three organizations that will receive $150,000 in grants in support of their childhood literacy initiatives in the tri-state region. The organizations are Dayton Independent Schools, the Princeton City School District, and the Children's Home of Cincinnati. The winners will be announced on April 12, with the top organization receiving $100,000 and the others sharing $50,000.

The Columbus Foundation has named Dan Sharpe as its new vice president for Community Research and Grants Management. Since joining the foundation in 2006, Sharpe has served in multiple capacities of increasing responsibility, most recently as director of community leadership and nonprofit effectiveness in community research and grants management.

Oklahoma

The Oklahoma City Community Foundation has announced that it will award $386,000 in scholarships to a hundred and ninety-three graduating students from fifty-two central Oklahoma high schools. Awarded through the Community Foundation Scholars program, the scholarships represent a portion of the more than $1.6 million that the Oklahoma City Community Foundation will award to students in Oklahoma this year.

"VCCF’s Fiscal Assessment and Recommendations on Target" Ventura County Community Foundation Press Release 03/23/2017. "Abdi Soltani Joins Board of Trustees." San Francisco Foundation Press Release 03/29/2017. "Indianapolis Foundation Awards $1.5 Million to Address Marion County Needs." Central Indiana Community Foundation Press Release 03/27/2017. "The Boston Foundation Announces Round of Grants to Protect the Legal Rights of Immigrants & Vulnerable Communities in Greater Boston." Boston Foundation Press Release 03/28/2017. "Foundation Announces $520,000 in Grants for Connecticut River Projects." New Hampshire Charitable Foundation Press Release 03/28/2017. "NNJCF's ArtsBergen Announces Call for Artists for Creative Hackensack's 'The Utility ARTBox Project'" Northern New Jersey Community Foundation Press Release 03/27/2017. "Foundation for the Carolinas Announces Record Assets of $2.1 Billion." Foundation for the Carolinas Press Release 03/27/2017. "Top Three Nonprofit Finalists Selected in Local $150,000 Literacy Grant Competition." Greater Cincinnati Foundation Press Release 03/17/2017. "Dan Sharpe Named Vice President of the Columbus Foundation." Columbus Foundation Press Release 03/20/2017. "Scholarships to Be Awarded to 193 Area High School Students." Oklahoma City Community Foundation Press Release 03/27/2017.