Newton Community and Healthcare Foundation: What's New

Newton Ccommunity and Healthcare Foundation

Peabody Awards First Grant

Rock solid is the best way to describe the first project funded by the Peabody Community Fund (PCF), an affiliate of Newton Community & Healthcare Foundation.

A 5'x 1' limestone sign was commissioned and erected by the Peabody Historical Society for the town's Santa Fe Park with a $400 grant from the PCF.

The grant was presented to the historical society in May. "The community fund has had a very slow first year," said N.M. Patton, chairman of the PCF.

"So we were especially pleased to be able to provide this first grant to the historical society."

The society was one of four applicants to apply for a grant in 2001. "As a new community fund, we are struggling to get people to understand what the fund is and how it works, so they know the benefit of their contributions," Patton added.

The Peabody Community Fund was developed last August. The PCF simplifies charitable giving. One contribution may address a number of needs and benefit several community organizations.

Through the long-term investment of capital contributed by individuals, organizations or corporations, the foundation will enhance all areas of life, including education, environment, health care, civic activities and human services.

The PCF was established as an affiliate of the Newton Community and Healthcare Foundation to help offset the high costs of establishing and maintaining a foundation. The affiliation also ensures professional management of the monies donated to the community.

The PCF board has set a $2,000 minimum for establishing named funds. However, no gift is too small to make to an existing named fund or to one or more of the foundation‚s general funds as a memorial, scholarship or outright gift.

Gifts may be cash, real estate or stocks, and may be set up through long-term trusts within estate plans. As a public charity, the foundation can provide substantial tax advantages for individuals and corporations.

For a brochure outlining the PCF, please write P.O. Box 131, Peabody, KS 66866, or contact the Newton Community & Healthcare Foundation, 316-804-6007.