Lehigh Valley Community Foundation
Transcript of Lehigh Valley Community Foundation
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
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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