Fund for Greensboro Annual Report 2021

I thank each and every one of you for being a dues-paying GA member, and for your exemplary generosity over many years, and this year in particular. With your help, the Fund for Greensboro has had an outstanding year.

The Greensboro Association has a long history of giving back. Your dues and gifts support lake protection and community needs. We’ve been making annual grants for quite a long time going back to the swim program in my day, fireworks, and other various initiatives.  In more recent years we’ve been providing $10-$15K in annual grants to the community. 

A group of you in the early 2010s realized the need to bolster our annual grants for more significant needs such as being able to buy back the beach, if we should have the opportunity, and other unforeseen needs.

Just six years ago, the Lake Fund in 2015 had $63K, and our endowment had $3,500.  

In 2017 we had reached about $200K in the Lake and Endowment, and in 2018 the Unrestricted Fund was started when a few wise members wanted to make their gifts available for more immediate needs.  With your outstanding generosity, our balances grew steadily to $300K last year.  

Enter COVID and a request from the Greensboro/Stannard Emergency Relief Team for an emergency fund. Who would do it?  The GA rose to the challenge, providing $65K over the last year and a half, for our community’s pandemic related needs.  This has nearly all been judiciously distributed, and is dearly appreciated by our community’s front line organizations.  

Aside from that Relief money, this year we crossed the $100K mark in each of the Endowment and Unrestricted funds.  We received $105K in gifts, over and above the Relief funds; significantly greater than any prior year, and, with some nice market gains, find ourselves at $456K in our three funds.   You’ll find the details in the Treasurer’s report.

Meanwhile, the Greensboro Association 1781 Society was formed in 2018 to recognize and steward current and legacy gifts of $10,000 or more.  We now have 35 members and provisions for future gifts of about $750K.  Please welcome 4 new members this year, Liz and Chris Steel and John and Melanie Clark. We welcome you and thank you.  I thank all 1781 Society members for your commitment to Greensboro. Please do contact me if you are considering a current or estate gift, or IRA provision which could be planned now for future support.

Five years ago we murmured $2 Million as a Fund for Greensboro preliminary target, it felt more like a dream, a number that would provide a six figure annual impact.  Today we are far closer to that goal, almost a quarter of the way! Together, we are meeting critical needs and doing very good work. Huge and sincere thanks to all.

Please join the 1781 Society

In an effort to provide lasting return for Caspian Lake and the Greensboro Community, the Greensboro Association 1781 Society was formed to recognize those who have made a current gift, or lifetime gifts, or a planned gift of a will or IRA provision of $10,000 or more, in support of the Fund for Greensboro.  1781 Society members have collectively made gifts and commitments of over $500,000 in future support of the lake and community.  All gifts and commitments, large and small, support the whole.

We have two new 1781 Society members since our last report, bringing our ranks to 37!  Thank you and Welcome!

Our sincere thanks to all who have supported the Relief Fund, and Funds for Greensboro.

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What is The Fund for Greensboro?

The Fund for Greensboro (FFG) is dedicated to supporting social, environmental, educational, artistic, cultural, recreational, economic, and human service initiatives in Greensboro and the surrounding community. The FFG operates under the auspices of the Greensboro Association, a registered 501(c)(3) organization. It is supported by tax-deductible gifts from individuals who wish to contribute to the vitality of the Greensboro community today and in the future. The Fund for Greensboro currently consists of three funds: the Unrestricted Fund, the Lake Reserve Fund, the and the Community Endowment Fund.

The Unrestricted Fund

The FFG Unrestricted fund receives annual unrestricted donations in excess of dues.   This fund is a non endowment fund designed to provide annual support for GA activities including 1) annual programs including the Community Grant Program and events and 2)  New Initiatives and expanded annual programs approved by the GA Board of Trustees.

The Lake Reserve Fund

The Lake Reserve Fund is dedicated to the protection of the pristine quality of Caspian Lake through community education and targeted programs to prevent and mitigate contamination and environmental threats. It is funded by annual and legacy gifts and guided by a steering committee.

The Community Endowment Fund

The Community Endowment Fund establishes long term funding and income which support current and future Community Grants and ongoing urgent and priority needs in the Community.   Funded activities can include educational and cultural activities, social and health care services, environmental stewardship, and recreation. An annual distribution of 2-4% from this endowment supplements the Grants program.

Emergency Relief Fund

Community Relief Fund gifts will provide aid to local high need, high impact organizations at the front lines of health care, food insecurity, and essential services.

How can I contribute?

The Fund for Greensboro accepts cash, stocks, bonds, bequests, IRA, and insurance designations.

CASH & CHECK

Please make checks payable to the The Fund for Greensboro, designating the Community Endowment Fund, the Lake Reserve Fund, the Unrestricted Fund, or the Community Relief Fund.

Click HERE to make a donation by credit card or paypal.

Fed Fund Wire Transfer to NFS, LLC:

1 Chase Manhattan Plaza, New York, NY 10041 ABA: 021000021
Credit Account: 066196-221

▷▷ Further credit to either:
Greensboro Association – Endowment Fund Account #: C9B-024450

Greensboro Association – Lake Fund  Account #: C9B-024446

STOCKS & BONDS

To make gifts of stocks and bonds to The Fund For Greensboro’s account at NFS, LLC:

DTC transfer to NFS, LLC:  DTC #: 0226

▷▷ Further credit to either:
Greensboro Association – Endowment Fund Account #: C9B-024450
Greensboro Association – Lake Fund  Account #: C9B-024446

Bequests

Please consider naming The Fund for Greensboro in your legacy gift planning.

Gifts of $100,000+ may be named and designated for a specific purpose as approved by the Board of Trustees.

1781 Society

The FFG 1781 Society recognizes lifetime gifts or legacy bequests of $10,000 or more.

Questions?

Please contact Becky Arnold or any committee member with questions about donations or bequests to the FFG.

FFG Committee:  Becky Arnold, Vince Cubbage, Tim Nisbet, Naomi Ranz-Schneider, John Stone III, Mary White

The FFG 1781 Society recognizes lifetime gifts or legacy bequests of $10,000 or more.

Gift Forms and Instructions

Please download the gift instructions and commitment form here:

FFG 1781 Society and Legacy Gift Instructions

FFG Statement of Estate Commitment

Please contact Becky Arnold with any questions relating to the Fund for Greensboro and opportunities to donate.

Gift Forms and Instructions

Please download the gift instructions and commitment form here:

FFG 1781 Society and Legacy Gift Instructions

FFG Statement of Estate Commitment