Organizers of a Community Foundation affiliate in Wilson County last week elected an inaugural board of directors and board chairman.
Paul Stumb, dean of the Cumberland University Labry School of Business and Technology, was chosen to lead the first board composed of 12 members representing each of Wilson County’s three municipalities.
Elected to the board were Stumb, Rob Porter and John Sloan, of Mt. Juliet; Jenni Moscardelli, Sam Hatcher, Bob Black, Price Thompson, Mitchel Bone, Ed James and John Bradshaw, of Lebanon; and Jan Jewell and Lynn Daugherty, of Watertown.
Community Foundation of Middle Tennessee currently serves a number of charities in Wilson County, according to Stumb, but does so from its Nashville center.
“Having our own affiliate will enable us to have an independent local Community Foundation organization charged with the responsibility of procuring and establishing funds to serve needs in Wilson County and then responsibly distributing those funds to locally deserving charities,e Stumb said.
He said creating a Community Foundation affiliate will help generate more awareness as to how individuals here can create funds that would establish perpetual gifts for causes, which favor their own interest.
For instance, Stumb said, “For as little as $5,000, a fund may be established by an individual through Community Foundation to provide a gift that will grow and be viable essentially forever.”
The Wilson County affiliate will also have its own general fund in which members of the community, local businesses, civic groups and others may make contributions from which designated proceeds will be distributed annually to certain nonprofits as deemed appropriate by a local board.
There are several funds managed and administered now by the Community Foundation of Middle Tennessee that benefit a number of nonprofits and organizations in Wilson County, including Lebanon High School, Watertown High School, Brooks House, New Leash on Life and others.
Stumb said gifts generated by the Community Foundation come from earnings realized from trusts and endowed gifts that have been made through financial contributions.
“The Community Foundation is more like a savings account for the community and provides opportunities for financial assistance that will last forever regardless of whether or not there is an annual fundraising campaign,“ he said.
The move to establish a Wilson County affiliate organization comes on the heels of a four-month tour across the county by Belinda Dinwiddie, director of donor education for the Community Foundation.
Dinwiddie, a former Lebanon resident, said once Wilson Countians learned the history, advantages and opportunities found with a local Community Foundation affiliate, reaction was “positive,” and helped motivate the launch of the new organization.
For more than two decades, the Community Foundation of Middle Tennessee has provided personalized charitable solutions to help donors make a difference and enrich the communities in which they live in ways that are important to them.
The Community Foundation of Middle Tennessee oversees more than 1,000 charitable funds, providing customized philanthropic solutions with flexibility for donors, nonprofit organizations and the community. In the past 23 years, the Community Foundation has distributed more than $684 million to community programs and institutions. For more information, call 615-321-4939 or visit cfmt.org.