Article written by Greg Parks of The Daily Jeffersonian
The Guernsey County Foundation has reached a significant milestone that bodes well for numerous worthwhile entities, and also reflects magnificently on the local spirit of philanthropy.
The Foundation’s trustees gathered recently to celebrate achieving an asset base of $5.6 million for the benefit of the economic, cultural and educational climate in Guernsey County.
This growth is significant. When it began as the Cambridge Foundation in 1988 — operated as such through the The Columbus Foundation — the Guernsey County Foundation had assets of around $25,000. In 2005, the asset base was about $100,000. In 2007 it reached $1 million.
The Guernsey County Foundation today is affiliated with the Foundation for Appalachian Ohio (FAO). This collaboration has enabled both The Guernsey County Foundation and the FAO to extend their philanthropic efforts throughout our community.
The Guernsey County Foundation receives contributions and bequests of all sizes from individuals, corporations and foundations to assist in the funding of projects and charitable organizations. The Foundation is both a recipient vehicle of financial gifts and a distributor of grants to area organizations that meet established guidelines.
There are now some 30 members of the Guernsey County Foundation family of funds. (See sidebar for a list of them.) All of the funds in the family of funds for Guernsey County have independent advisory boards.
According to Maribeth Wright, president of the Guernsey County Foundation board of trustees, the success of the local Foundation has made it a model of successful smaller community foundations for the FAO. As an example, Gulfport Energy was so impressed by the work of the Guernsey County Foundation that it started the Gulfport Energy Fund at the FAO and pledged long-term philanthropy and investing in regions where it does business.
Cara Dingus Brook, president and CEO of The FAO, said recently, “Guernsey County has shown such foresight and leadership in growing the Guernsey County Foundation. It has a mission of creating opportunities for generations of Guernsey County citizens.”
Gifts to the Guernsey County Foundation are tax deductible and can be made in many ways, including cash, bequests and life insurance.