Carroll County Community Foundation to award Giving Tree Grants to 16 nonprofits working locally
Eureka Springs, ARK (September 20, 2016) -- Carroll County Community Foundation, your local affiliate office of the Arkansas Community Foundation, is pleased to announce over $26,000 in Giving Tree Grants awards for nonprofit programs in Carroll County. Sixteen area organizations will receive grant awards from the foundation at the annual Grant Awards Ceremony to be held on Thursday, Oct. 6, from 5:30 p.m. to 7 p.m. at the Carroll Electric Cooperative meeting room in Berryville. Nonprofits, foundation founders, fund holders, donors, past and present board members and friends of the foundation will be honored guests. Everyone is cordially invited to join us at this event as we celebrate the good work being done in Carroll County.
"Giving Tree grants are funded by contributions from local individuals and families. We invest their donations in endowments that provide a permanent source of funding for charitable causes in our communities," said Heather Larkin, president and CEO of the Arkansas Community Foundation.
"Every year, at our Grant Award Ceremony, attendees hear all about the inspiring work these recipients are doing in and for Carroll County," added local executive director, Janell Robertson. "This year we had over $67,000 in requests, though only $26,000 to grant out. Our grant committee had to make some very difficult decisions. The more we grow this endowment, the more nonprofits we can support."
This year, the foundation is offering a special incentive for individuals to help us grow the Giving Tree Endowment with their IRAs. A dollar-for-dollar match will be provided for IRA Charitable Rollover gifts made to the Carroll County Community Foundation Giving Tree Endowment. The IRA Charitable Rollover allows account owners age 70-1/2 and older to direct transfer up to $100,000 each year to qualified charities without treating the distribution as taxable income. Transfers must come directly from an IRA to the qualified charity. If you'd like more information about this special incentive to grow your local Giving Tree Endowment, call 479-253-8203 or email email@example.com The dollar match pool is limited to $150,000 and is on a first come, first serve basis until depleted.
"This is an opportunities that does not come around often," said Robertson. "Can you imagine how quickly we could grow our local Giving Tree Endowment and support more nonprofits with this dollar for dollar match? It would be such a blessing for so many.
The Carroll County Community Foundation makes grants through the Giving Tree program twice a year. The upcoming spring grant cycle, which begins on Jan. 10, is known as our YAC cycle and focuses on programs that support youth and children in Carroll County.
Arkansas Community Foundation is a nonprofit organization that fosters smart giving to improve communities. The foundation offers tools to help Arkansans protect, grow and direct their charitable dollars as they learn more about community needs. By making grants and sharing knowledge, the Community Foundation supports charitable programs that work for Arkansas and partners to create new initiatives that address the gaps. Since 1976, the foundation has provided more than $140 million in grants and partnered with thousands of Arkansans to help them improve our neighborhoods, our towns and our entire state. Contributions to the Community Foundation, its funds and any of its 27 affiliates are fully tax deductible.