TYPE OF FUND: Designated DATE ESTABLISHED: 2014
PURPOSE: The fund shall be used and distributed for the purpose of the charitable economic development of Tucker County. This includes activities related job creation, job retention and general improvements to the business climate of the area.
DISTRIBUTION: Upon the recommendation of the TC ECD Grants Committee and approval by the Board of Directors of TCF.
The TC ECD committee shall consist of seven members to include, but not limited to, a member at large and one representative from each of the following:
TCF Development Committee
TCF Grants Committee
TCF Executive Committee
TC Planning Commission
TC Development Authority and Tucker County Commission
The Foundation shall make distributions as outlined in the Foundation’s general policies. Upon recommendation of the Fund Advisors the distribution may be reinvested with the Fund
The Fund shall be subject to the Foundation’s Asset Development Policy and specifically the Foundation’s Variance Power which states: “If, in the judgment of the TCF Board of Directors, the restrictions and conditions of the Fund become unnecessary, incapable of fulfillment, or inconsistent with the charitable needs of the community, the TCF Board of Directors maintains the right to modify the terms of this fund. Tucker Community Foundation has exclusive legal control over its assets.”
FUNDING: Donations will be matched by Tucker Community Foundation $1 for $1 up to $5,000 to establish the fund.
The fund was initiated on the recommendation of the 2013 Tucker Community Foundation Development Committee: Bob Dunkerley, Chair; David Cooper, Nancy Dotson, Kelly Stadelman, Beth Clevenger, and Anne Brown Wardwell. Staff members: Rob Burns, Executive Director and Diane Hinkle, Development Director.
TO MAKE A TAX-DEDUCTIBLE DONATION
Make check out to: TCF – TED
Mail to: PO Box 491, Parsons, WV 26287