Mission Statement
The mission of the Newtown Community
Foundation is to
enhance the quality of life for residents of the Newtown
region
by stimulating philanthropic opportunity and developing
long-term financial assets to meet a wide range of the
communityís charitable needs.
WHO ARE WE?
In 2003 a group of Newtown business people held a meeting
to explore the best way to support the growing number
of worthwhile charitable organizations in the Newtown
area.
They recognized that having to respond to numerous requests
for donations from each group annually was inefficient
and time consuming. However, they also realized that these
organizations delivered valuable services to the local
community, and needed to continue their work.
After carefully exploring their options, they chose to
create a "Community Foundation". The Foundation
would accumulate funds from individuals and businesses
that would be permanently invested, generating income each
year to be distributed as grants to local non-profit agencies.
A business, family or an individual could create a "Fund"
within the Foundation, or invest in the Foundation's
general fund, and know that their investment would continue
to grow in perpetuity. It would provide permanent support
to the Newtown community using the income of the funds
for grants, while the principal remains untouched.
In 2004 the Newtown Community Foundation officially incorporated
and received its charitable status, meaning all funds invested
are tax deductible to the donor. In 2005 the Board decided
to become a supporting organization of the Bucks County
Foundation, a community foundation serving all of Bucks
County since 1979. As a Supporting Organization, Newtown
can offer the same range of funds, use the same guidelines
and avoid the administrative expenses of a larger organization.
Early in 2005, Newtown Community Foundation received its
first gift and invited the community to invest in the future
of Newtown.
Board of Directors
2005-2006
Richard Rogers- President
Willilam Kolenda CPA- Treasurer
D. Keith Brown Esq.- Secretary
Directors
Dr. Joseph Conroy
Mark Klein
Steven Lees
Nancy Pickering
Dave Ridder
