SOS Foundation Awards First Scholarship Grants

It was a special night to remember and rejoice when SOS Foundation President Yancey Ford presented our charity’s first scholarship grants to three very deserving and appreciative young students during the annual SOS Dinner at the Innisbrook Golf Resort.

 

The SOS Foundation was created earlier this year as a certified 501-(c)(3) charity charged with the sole purpose of providing college scholarship assistance to the academically-qualified children of staff personnel working at clubs that host SOS competitions. To date, the SOS members have contributed $35,000 to the Foundation.

 

Two of the 2017 recipients of the $2,500 scholarships are long-time good friends McKenna Chefero and Hannah Murphy, both of whom are now sophomores at the University of South Florida.  The third recipient is Madison Duncan-Diejuste, who attends Palm Beach State College.

 

Ms. Chefero’s father, Paul, works in Banquet Management at the Innisbrook Resort. Ms. Murphy’s  mother, Nancy, is a senior sales manager at Innisbrook. Ms. Duncan-Diejuste’s mother, Kristina, shares duties in the Quail Ridge CC golf shop and locker room.

 

Yancey Ford proudly introduced the three scholarship recipients to the broad and highly-enthusiastic SOS Membership in attendance at the Dinner, and all three young ladies eloquently thanked Yancey and the SOS Foundation for its commitment to education.

 

McKenna Chefero is majoring in Entrepreneurship at South Florida; she is focusing on business management with a minor in Leadership Studies. “Someday I hope to own my own non-profit,” she says. In high school, McKenna played on the varsity golf team as a senior and she dabbles in golf with a Club Team at South Florida. “I really appreciate what the Society of Seniors Foundation has done for me,” she says. “This scholarship means a whole lot to me and to my family.”

 

Hannah Murphy is majoring in Criminology and aspires to attend Law School and become a Defense Attorney. “When I was in high school I used to babysit for Jessica Lowe, National Golf Sales Manager,” Hannah says. “She told my mother all about the SOS Foundation Scholarship. We filled out all the paperwork and I did the interview with the Society of Seniors Scholarship Committee on Skype. It was a great day when I received the call telling me that I’d be getting the $2,500 scholarship.”

 

Madison Duncan-Diejuste attends Palm Beach State College and aspires to earn a bachelor’s degree in Elementary Education. “My mother is a single parent of four children,” she says, “and I am the third to attend college. The SOS Foundation Scholarship is a big help for me and for my family. I cannot thank the SOS enough for its gracious generosity.”

 

The SOS Foundation thanks those SOS members who have already donated to the Foundation. In announcing the formation and the purpose of the Foundation, the charity’s Board suggested that SOS members donate an annual minimum of $100 to the Foundation over a three-year period so that the Foundation could become self-sustaining by the year 2020.

 

At this time a number of SOS members have made long-term commitments to the Foundation through annual giving, transfers of stock and plans to include the Foundation in their wills. Indeed, some TK SOS members made an initial gift to the Foundation of $1000 or more.

 

Before the New Year, the SOS Foundation will once again reach out to the SOS membership with information as to how members can make a gift to the Foundation. Thanks in no small part to the very gracious and touching remarks from McKenna, Hannah and Madison at the Annual Dinner, the Foundation knows it is on the right track.

 

Society of Seniors

1570 West First Ave.

Columbus, OH 43212

614-487-1207

WWW.SOCIETYOFSENIORS.COM

Friendship Industries Endowment Fund

 

Friendship Industries is a business with a social mission to develop and maintain employment and training opportunities for persons with disabilities in integrated work environments. Our employees work on commercial contracts with the Department of Defense, major retailers, and international companies; providing the packaging experience our customers expect. We also have job coaches supporting employees at other area businesses. In our efforts to positively impact employment for persons with disabilities, we look to community donors to assist with supporting our employment services. Currently we are focusing on two areas (1) employment scholarships (2) helping improve employee environments through our warehouse expansion.

 

In 2007, the Board of Friendship Industries, Inc. established the Friendship Industries Endowment Fund, a permanently endowed fund, with The Community Foundation of Harrisonburg & Rockingham County. The purpose of this fund is to support the ongoing operational costs of the organization.  As you consider your year-end giving this holiday season, please consider making a gift to the Friendship Industries Endowment Fund and positively impact the individuals served by this local nonprofit organization.

IMPACT Awards $8,175 Grant to Open Doors Emergency Shelter!

The vote is in! Open Doors Emergency Shelter will be the recipient of this year’s IMPACT Grant!! The grants committee reviewed over 50 community needs applications and narrowed the ballot for the grant award to three options. IMPACT members voted and Open Doors is the 2015-16 grant recipient.

The Open Doors Project, which is aimed at ending the cycle of homelessness, will equip key personnel working for/with Open Doors with the tools they need to educate and train their guests on opportunities and locally available resources that may help them escape the cycle of homelessness. So much more than just basic job training skills, Open Doors guests will also gain insight to how other local agencies and assist them with needs such medical treatment, counseling, and financial counseling which often hinder someone’s effort to escape homelessness.

Please join IMPACT and The Community Foundation of Harrisonburg & Rockingham County on Sunday, August 21st for the presentation of the Grant to Open Doors. The presentation celebration will be at Purcell Park, Shelter Number 2 from 4 pm to 6 pm. Click here for more information or to register for the event. In addition, IMPACT Board Members will be on hand to share several new and exciting opportunities that will be available as a part of IMPACT. Not only will the 21st be a great opportunity to celebrate IMPACT’s partnership with Open Doors, but its future as an organization dedicated to making a lasting impact in our community.

New Overtime Rules and Nonprofit Organizations

Yesterday, the Department of Labor and the President announced the publication of a new overtime rules with the stated goal of updating outdated regulations in an effort to ensure that employees, particularly those in the middle class, are sufficiently compensated for hours worked.  See the President’s fact sheet or information page from the Department of Labor (https://www.dol.gov/featured/overtime).  These new rules changed the minimum salary for employees to be considered exempt from overtime rules at organizations covered by the Fair Labor Standards Act (“FLSA”). How will this affect nonprofit organizations?  The US Department of Labor’s May 18, 2016 publication, entitled “Guidance for Non-Profit Organization on Paying Overtime under the Fair Labor Standards Act” gives a fairly easy to read summary of the changes, how it may affect nonprofit organizations, and options to comply for those organizations affected.  The following is a quick summary based on my reading of the publication but be sure to read the attached document to ensure compliance with these rules for your own nonprofit organization.

Beginning December 1, 2016, the minimum salary for exempt employees will be tied to the 40th percentile of earnings of full-time salaried workers in the lowest-wage Census region or $913 per week.  In addition, salary and compensation levels will be adjusted every three years to maintain this minimum level.  Currently, the minimum weekly pay for exempt workers is $455.  There are several options for complying with the new rules.  Different options and examples, specifically targeted to nonprofits, are given in the DOL’s publication.   Importantly though, currently exempt employees making less than the new minimum salary do not have to be switched to hourly pay.

Nonprofits are not specifically exempt from these new rules.  Coverage under FLSA can be at the individual worker level or organizational level.  Generally, for an organization to be covered under FLSA, the organization must have annual revenue of at least $500,000 from ordinary commercial activities.  Donations, contributions, membership fees, and other typical nonprofit specific income would not normally be considered commercial activity.  Individual employee coverage largely depends on the workers involvement in interstate commerce.

Refer to the Department of Labor website and the following publications from the Department of Labor for more information:

Overtime Final Rule and the Non-Profit Sector

Guidance for Non-Profit Organizations on Paying Overtime under the Fair Labor Standards Act

Comparison Chart

Mid-Year Update on IMPACT Harrisonburg

IMPACT Harrisonburg continues to see growing involvement and interest from the Harrisonburg and Rockingham community.

In December 2015, the group held a well-attended event with TCF donors as speakers. The event was titled “Inside The Philanthropist Mind”. The intent of the evening was to hear from some of our community’s philanthropists to learn why they give and to hear what their 20s, 30s, and 40s, were like.

We thought you might be interested in hearing the “impact” made on 2015 recipient On The Road Collaborative.

The impact of IMPACT Harrisonburg’s first grant award continues to reverberate throughout the hallways of Skyline Middle School during On the Road Collaborative’s inaugural program year. You will find 90 middle school youth actively engaged in their 10-week hands-on Career Enrichment Projects, learning a wide range of careers from their volunteer professionals (known as Community Teachers), in everything from coding to broadcasting to arts. 

After a tremendously successful Learning Showcase season in December, which included a Mock Trial in the downtown Harrisonburg Circuit Courthouse, original photography exhibit at Spitzer Art Center, Iron Chef cooking challenge, and a variety of youth ‘teach-back’ presentations at our main event at Skyline Middle School, we are already underway with the new semester and a new line-up of Career Enrichment Projects, including architecture, fashion, theatre, personal finance, leadership and fitness, just to name a few. 

Not only has IMPACT enabled us to successfully launch our middle school program this year and make a tremendous difference in the lives of local youth, but you have helped lay the foundation for us to expand our services next year to more kids and more days at Skyline Middle!

~Brent Holsinger

IMPACT has great momentum and wants to grow the support of people in their 20s, 30s, and 40s to make an “impact” on Harrisonburg and Rockingham County.

Here’s the web link to signup.

https://squareup.com/market/impact-harrisonburg-

 

Here’s the address where you can send a check.

The Community Foundation of Harrisonburg/Rockingham County

for IMPACT

P.O. Box 1068

Harrisonburg, VA 22803

Community Foundation office closing early on Dec. 31

The Community Foundation of Harrisonburg & Rockingham County will be closing its office early on Thursday, December 31, 2015. Our office hours for the remainder of 2015 are as follows:

Tuesday, December 29                 9:00AM – 5:00PM

Wednesday, December 30           9:00AM – 5:00PM

Thursday, December 31               9:00AM – Noon

Friday, January 1                          Closed

 

We appreciate your investment in our community and are most grateful for your support of our work during the past year. We look forward to working with you in 2016 as we ‘Dream. Share. Build. OUR COMMUNITY.’

President Signs IRA Qualified Charitable Distribution into Law

On December 18, Congress passed the PATH Act, which renews and makes permanent the IRA Qualified Charitable Distribution provision of 2006.  This provision makes it easier for Americans to give to causes they care about and will help local charities strengthen their communities by allowing individuals to roll over up to $100,000 annually from an Individual Retirement Account (IRA) to charity without being federally taxed.

Click here to see the announcement from the Council on Foundations.

Millions of Americans continue to save pre-tax dollars in their IRAs. The law allows taxpayers 70 ½ and older to share their wealth by giving retirement savings directly to charity—and bypassing income tax.  (source: http://www.ici.org/research/stats/retirement/)

Annually, holders of traditional IRAs who are at least 70½ years old can make direct charitable transfers up to $100,000. Individuals may exclude the amount distributed directly to an eligible charity from their gross income. The Community Foundation of Harrisonburg & Rockingham County can help donors execute the transfers and choose from several charitable fund options for their gift.  Please note that Donor Advised Funds do not qualify for tax-free IRA transfers.

Some charitable fund options at The Community Foundation of Harrisonburg & Rockingham County that do qualify include:

Field of Interest Fund—Connecting personal values to high-impact opportunities.

IRA transfers to Field of Interest Funds allow donors to target gifts to causes important to them: arts, education, neighborhood revitalization, youth welfare and more.  The Community Foundation of Harrisonburg & Rockingham County awards grants to community organizations and programs addressing the donor’s specific interest area.

Designated Fund—Helping local organizations sustain and grow.

IRA transfers to Designated Funds allow donors to support the good work of a specific nonprofit organization—a senior center, museum or any qualifying nonprofit charitable organization.

The Community Endowment Fund – Meeting ever-changing community needs

IRA transfers to the Community Endowment for Harrisonburg & Rockingham County address a broad range of current and future needs. The Community Foundation asks local nonprofit to submit a description of their needs each year as part of the Community Needs Listing process.  Grants from the Community Endowment are awarded annually to nonprofits on this listing to help meet the needs of our community.

Call The Community Foundation of Harrisionburg & Rockingham today at (540) 432-3863 to find out more about the IRA Qualified Charitable Distribution and how it can benefit our community!