Release date: 4/1/2014
POUGHKEEPSIE, NY - The Community Foundations of the Hudson Valley received a $475,000 grant from the Dyson Foundation. $225,000 was awarded to support the Foundations’ general operations for three years.
An additional $250,000 was awarded to help grow community foundation activities in Putnam County. $150,000 will be used over three years for Putnam County operations and $100,000 will be applied as a challenge grant to raise matching money and create a pool of funds for Putnam County nonprofits.
Andrea L. Reynolds, president and CEO of the Community Foundations of the Hudson Valley said, “We began the Community Foundation of Putnam County affiliate six years ago to expand the services of a community foundation in Putnam County. A board was formed and outreach begun, but this funding will help take our activities to the next level.”
The Community Foundations will be hiring a staff person to grow operations in Putnam County and help raise the matching funds in order to begin grantmaking in the county.
“In order for a community foundation to be successful, you need paid staff, an engaged board and a pool of funds to show the impact a community foundation can make in its service area,” Reynolds said. “This grant will help us do more to support charitable giving and nonprofits in Putnam County. We are grateful for the Dyson Foundation and for their support of the work we do.”
"The Dyson Foundation values the Community Foundations of the Hudson Valley as an important partner in philanthropy in the mid-Hudson region. We are pleased to be able to support their efforts to increase activities and services in Putnam County," said Cecilia Stancell, program officer at the Dyson Foundation.
For more information on charitable giving options available through the Community Foundations of the Hudson Valley, please call 845.452.3077 or visit cfhvny.org.
About The Community Foundations of the Hudson Valley
Return to previous page
The mission of The Community Foundations of the Hudson Valley is to strengthen our communities by offering donors the means to establish charitable legacies, by making grants, and by providing leadership to address community needs in a manner that is responsible, responsive and lasting. To realize this mission, the foundation board and staff advise donors on charitable giving options; assist attorneys and financial advisors as they explore opportunities available to their clients; establish endowment funds for nonprofits and other charitable causes; and work with government, private foundations, and local leaders to address current and emerging needs.
The Community Foundations of the Hudson Valley has been recognized for having organizational and financial practices that are in accordance with the National Standards for U.S. Community Foundations by the Council on Foundations.