New Oswego County Community Foundation Launched
Oswego, NY (May 28, 2014) – At a time when government support and nonprofit business models are changing, Oswego’s charitable organizations will soon have another permanent source of philanthropic support .
The newly created Oswego County Community Foundation (OCCF) has already secured $200,000 in matching dollars to jump-start its endowment fundraising effort. This regionally-focused community endowment effort, comprised of caring Oswego County community members and business leaders, is inviting residents to join them in keeping their charitable giving local.
What is the OCCF?
“The Oswego County Community Foundation is a geographically specific endowment, created to provide a source of permanent charitable dollars for nonprofits serving residents of Oswego County,” said Nancy Bellow, chair of the OCCF Leadership Council. “Once our initial fundraising goal of $500,000 is met, the Foundation will award grants to local nonprofit organizations with programs ranging broadly from arts and culture, environment and animal welfare, education, human services, health and civic affairs.”
Initially established in 2013 by the members of Leave a Legacy® of Oswego County and a group of committed local leaders, OCCF is component regional affiliate of the Central New York Community Foundation (www.cnycf.org).
“While OCCF is administered by the Central New York Community Foundation (CNYCF), it will only benefit charitable organizations in Oswego County,” said Peter Dunn, CNYCF President and CEO. “A volunteer, local Leadership Council comprised of Oswego County residents is charged with the gathering support from local donors and for oversight and future distribution of grants.”
Building on Neighbor County Success
In 2007, a similar effort, the Cayuga Community Fund, was launched in Auburn for the benefit of Cayuga County residents. Local private foundations, including the Allyn Foundation and the Stardust Foundation, as well as CNYCF provided grant incentives to start the fund, which is administered by CNYCF and governed by a council of local residents. Today, the Cayuga Community Fund manages almost $2 million in several named endowed funds benefiting charitable purposes in Cayuga County communities and has made more than $140,000 in grants to local nonprofits since its inception.
What’s Next for OCCF?
OCCF’s eight-member Leadership Council is gaining momentum toward the goal of developing a permanent endowment fund for the betterment of the region. To help with their development goals, the Oswego County Community Foundation has received “matching-challenge” grants from the Central New York Community Foundation and from the Oswego-based Richard S. Shineman Foundation. Every dollar contributed to the OCCF will be matched up to $200,000.
To learn more about the Oswego County Community Foundation, including how to make a contribution, visit www.OswegoCountyCF.org.