…is a non-profit organization that manages donations and their earnings totaling more than $7 million and uses the proceeds from those funds to encourage educational, social, cultural and civic projects benefiting the residents of Allegany County.
The Foundation awards scholarships to individuals and grants to community organizations.
It also helps organizations secure their futures by managing endowment funds and ensures that individuals’ desires for a legacy come to fruition by administering funds to benefit the areas or organizations they specify.
Why a community foundation?
Community foundations provide a method for turning gifts or bequests into endowed funds, with favorable tax benefits. Some see the Foundation as a community savings account, leveraging the pooled resources of many in order to accomplish greater things for the entire community.