Philanthropy Magnified Impact Report
September 2018
Community Connections
Parenting Skills Program 
Expands to Serve Tompkins County Jail Inmates and Family Members  

     
A recent pilot program offered parenting workshops for inmates in the Tompkins County Jail. The impact has been great and so it is expanding its curriculum and developing a cohort of classes for community members affected by incarceration.

Last year, the Parents Apart Program enrolled 38 inmates in six hours of classes facilitated by an experienced parenting educator from Cornell Cooperative Extension of Tompkins County. Beginning this month, the program was restructured into 12 modules that address specific issues related to inmates who are parents.

Community Foundation funded the pilot program in the jail, along with several other organizations. Because of the success, Community Foundation provided a second grant to Parents Apart to help develop a series of classes geared toward spouses of inmates and other caregivers

"The quality of parenting skills in our community impacts all of us," said Janet Cotraccia, program officer for Community Foundation. "Children are deeply impacted when they have an incarcerated parent, and this programming is another way we can support access to a higher quality of life for all of our children."  ... the rest of the story: CLICK HERE



Why the renewed interest in 
Pooled Income Funds?

Pooled Income Funds (PIFs) have been around since 1969. Because interest rates are rising, the PIF yield is higher, and power to adjust allows post-gift realized capital gains to be distributed in higher income amounts to donors income. You might like to consider t he pooled income fund!
 
Thank you to professional advisors who have long discussed the wonderful elements of a charitable remainder trust to Community Foundation and to the many who have steered clients to Community Foun d ation donor-advised funds.
 
However, with a more modest gift amount, PIFs allow donors to "pool" their resources with others in a fund invested by Community Foundation's professional investment team. The purpose is to generate income for donors (proportional to their contribution of the whole fund). Besides generating income to the donor or other named recipient (distributed quarterly or yearly), at the conclusion of the donor's or other recipient's life, the remainder of the gift rolls to Community Foundation to help solve problems in our communities.
 
Tax Advantages:
The tax advantages to a donor varies dependent on factors such as donor's age and the nature of the asset that was liquidated for the investment. Where applicable, a tax deduction for the contribution, as well as, avoidance of capital gains tax on appreciated assets and avoidance of estate tax may apply. Additional gifts to your PIF can be made yearly to accrue further tax deductions, and the donor does not need to incur the cost of establishing a trust as in the case of a Charitable Remainder Trust.
 
A PIF is a valuable tool for donors and charities to work together to provide help to people in need in our communities.

If a PIF sounds like an option for you, contact Nancy Massicci or George Ferrari at 607-272-9333.  We are happy to answer questions. Alternatively, contact your professional advisor and review our " At a Glance" online information. 
Philanthropy Magnified Reception

We enjoyed a wonderful evening with many of you last week at Cornell Lab of Ornithology celebrating our community and  the work made possible by the gifts 
of our  most generous supporters! 

Thank you to Philanthropy Magnified Society members, whose gifts supported one or more of our many funds. 
And thank you to Legacy Society members, who have established planned gifts with Community Foundation.



Philanthropy Magnified Reception
Hosted by 
Community Foundation Board of Directors and
Amy & Steve Yale-Loehr and Jeff Furman & Sara Hess.

We enjoyed sharing this special evening with so many of you, 
please click below to view the photo gallery.


$10,000 Challenge for Cornell Employees

"Cornell values and appreciates their employees involvement in this community, and here is another way you can be connected. Thanks to a Cornell professor emeritus and spouse, their funds will match gifts from Cornell faculty, staff and retirees who are new donors to Community Foundation in 2018! Each new donor helps make an impact in Tompkins County and helps realize an additional $10,000 in support. Please help us reach our goal . Susan H. Murphy, Board Chair and Vice President Emerita



2018 Challenge parameters:
* Anonymous donors will match one-for-one up to $1,000 gifts made in 2018 by new donors who are current or former Cornell employees (faculty or staff).
* The maximum matching amount is $10,000.

Your gift can be made in honor or in memory of a friend or loved one. Please make a gift now or by December 31, 2018. Questions contact  Nancy Massicci  at nmassicci@cftompkins.org.
Tompkins County Hunger Tour


Find out more! Janet Cotraccia, Program Officer, talks with Natasha Thompson of the Food Bank of the Southern Tier.

Watch video HERE


Annual Women's Fund Luncheon


Joel Abrams, Shirley Collado, President, Ithaca College, Joan Abrams, 2017 Laura Holmberg Awardee
2017 Women's Fund Luncheon


Inspiring Stories
Women's Fund invites you to our annual  Women's Fund Luncheon: Empowering Individual & Group Self Care: Caring for you so that you can care for your community  on October 23rd.  We look forward to you joining the most amazing gathering of passionate philanthropists dedicated to making a difference in the lives of women in Tompkins County.  
 
Details and Registration:   CLICK HERE

Empowering Community
The Women's Fund promotes educational, economic, and social equality by enabling women to achieve economic self-sufficiency, and by helping to provide the necessary resources for women's health and basic needs.   2018 Women's Fund Grant Cycle is in process; grant announcements made at our Women's Fund Luncheon on October 23rd. 

2018 Events Calendar 
What to watch for!  

Check out our  Facebook LIVE Interviews celebrating our grantees! 




Let's Talk Philanthropy: Campus Perspectives, Ithaca College  Are you part of the Ithaca College community (faculty, staff, alumni, students, parents, partners)? Join us for lunch and share your perspective! Tuesday, October 9th, noon-1pm

Empowering Individual and Group Self Care:
Caring for you, so that you can care for your community 
Tuesday, October 23rd, 11:45am - 1:30pm

Collective Impact Presentations from 2017-18
Gather to learn more about the progress and challenges from those working on collective impact initiatives.
Wednesday, October 31st, 10am - 11:30am

  Let's Talk Philanthropy: Campus Perspectives, Cornell University  
Are you part of the Cornell community (faculty, staff, alumni, students, parents, partners)? Join us for lunch and share your perspective!
Tuesday, November 8th, noon-1pm

Celebrate philanthropy, giving, volunteering, and charitable engagement within our society and our communities
Friday, November 16th, noon - 2pm


We hope to see you at an