Future Fund Honored Grantee at Awards Reception
May 17, 2012 (Syracuse, NY) – The Future Fund of Central New York awarded a $5,000 grant to The Media Unit at its annual grant awards celebration on Thursday, May 17. The Media Unit was chosen out of 28 grant applications submitted to the fund’s focus area for 2012 – education, awareness and promotion of the arts. The funding will help provide inner-city youth transportation to a summer tour to educate them in theater, writing workshops, vocal and choreography.
Each year, the Future Fund members vote on a focus area for its grant award. This year’s focus area was on projects that support the education, awareness and promotion of the arts. The focus areas varies year to year based on a vote of the membership. When all applications are received, the Fund’s members voted to choose the top three projects. Members were then invited to visit the sites, meet staff and learn more about the applicants before choosing the final award recipient.
Since its inception in 2004, the Future Fund has awarded eight grants, totaling $40,000 to Central New York organizations. The Future Fund of Central New York is a giving circle established to involve and empower emerging philanthropists to make the Central New York community a better place to live and work. Its members are involved in building a charitable endowment and providing grants in program areas that change each year based on the vote of the membership. According to the Washington, D.C.-based New Ventures in Philanthropy, giving circles are one of the fastest growing philanthropic trends nationwide.
For more information, visit: futurefundofcny.org. The Future Fund of Central New York is a component fund of the Central New York Community Foundation. Established in 1927, the Central New York Community Foundation encourages local philanthropy by supporting the growth of a permanent charitable endowment for the betterment of the region. The Community Foundation is the largest charitable foundation in the region with assets of more than $130 million. It awards close to $6.7 million in grants to nonprofit organizations annually and has invested more than $100 million in the community since its inception. The Community Foundation serves as the steward of charitable legacies for individuals, families and corporations through the administration of nearly 600 funds. The organization also serves as a civic leader, convener and sponsor of special initiatives designed to strengthen nonprofits that address the region’s most pressing challenges. For more information, visit www.cnycf.org.