Oswego County Community Foundation Reaches $500,000 Fundraising Goal
The Oswego County Community Foundation (Oswego Foundation) recently achieved its $500,000 fundraising goal with the help of a $14,000 gift from Oswego native Eleanor Filburn and a $122,000 contribution from NBT Bank’s charitable foundation. These gifts helped the Oswego Foundation secure a $200,000 matching grant jointly issued last year by the Central New York Community Foundation and the Richard S. Shineman Foundation.
Since the Oswego Foundation’s inception in September 2013, the fund has raised a total of $367,050. The locally-led Leadership Council has been actively fundraising since the fund’s establishment, securing approximately 5% of the endowment campaign goal before either matching challenge grant had been secured.
“Our entire leadership team is thrilled to have met our initial goal in only two years,” said Oswego Foundation’s Vice Chair, Randy Zeigler. “Many community institutions like NBT Bank and individuals have expressed their interest in the development of this new community foundation by making current gifts and multi-year pledges to the foundation, for which we are extremely grateful.”
As a community bank, NBT Bank has been committed to supporting the communities it does business in and chose to dissolve its private foundation and move its assets into a field-of-interest fund at the Community Foundation. The fund is designated to support charitable needs in Oswego County.
“We are proud to provide these funds to the Oswego County Community Foundation to support its efforts to preserve and enhance the quality of life in the region,” said Barbara Bateman, Vice President of NBT Bank. “These funds were raised locally, and we thought it was important to ensure they remained available to benefit the many nonprofit agencies who serve the needs of Oswego County residents.”
With its initial fundraising goal met, the Oswego Foundation will soon begin awarding grants to local nonprofit organizations for addressing a broad range of issues including arts and culture, environment and animal welfare, education, human services, and health and civic affairs.
“Although we have already reached our initial goal we will continue to build our endowment and look forward to the opportunity to fund important projects within our county later this year,” said Zeigler.
To learn more about the Oswego County Community Foundation, including how to make a contribution, visit www.OswegoCountyCF.org.The Oswego County Community Foundation is a component of the Central New York Community Foundation, www.cnycf.org.
About the Central New York Community Foundation
Established in 1927, the Central New York Community Foundation encourages local philanthropy by supporting the growth of permanent charitable endowments for the betterment of the region. The Community Foundation is the largest charitable foundation in the region with assets of more than $172 million. It awarded $9.5 million in grants last year to nonprofit organizations and since its inception has invested nearly $130 million in the community. The Community Foundation serves as the steward of charitable legacies for individuals, families and businesses through the administration of nearly 650 funds. The organization also serves as a civic leader, convener and sponsor of special initiatives designed to strengthen local nonprofits and address the region’s most pressing challenges.