Note: This is a historical document. For current information, consult the CRCF Web Site.
FOUNDATION SIMPLIFIES COMMUNITY DONATIONS
Giving money to Lansing-area civic groups will be made easier by a
new foundation that helps distribute donations.
After two years of planning and mounds of legal paperwork, the non-
profit Capital Regional Community Foundation is open. Similar to
the United Way, it will invest donations and distribute funds to
Lansing-area groups, said interim executive director Mary
Olson.
"This is a new concept in the Lansing area, although there are 37
similar funds in the state," she said. "It will offer a place
where people can come who wish to give back to the community -- in
their wills, bequests, donations or living wills."
The foundation will decrease the time, expense and paperwork of
those who wish to contribute, she said.
Donors can specify which groups receive contributions, or the
foundation's board of trustees will decide where money is
needed.
About 10 to 12 percent of a donation will go to administrative
costs, Olson said.
The group hopes to compliment other non-profit philanthropies in
the area, rather than be a competitor.
The foundation has a five-year goal of $10 million and recently
received its first bequest, she said.
Source : Chris Graves, Lansing State Journal, January 7, 1989, p.3B
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