Fourteen Years of Growing Valley Philanthropy
A focal point of the Valley Community Foundation's (VCF) Annual Reception in May was the newly-signed 10-year affiliation agreement between The Community Foundation and VCF.
Renewed Affiliation Agreement Shows Strong Partnership
VCF President and CEO Sharon Closius (center) at the 2018 Annual Reception. VCF made the largest multi-year commitment in its history by awarding $856,000 in general operating support to Valley organizations during 2017. Photo Fred Ortolli
A focal point of the Valley Community Foundation's (VCF) 2018 Annual Reception was the newly-signed 10-year affiliation agreement between The Community Foundation for Greater New Haven and VCF. The agreement is the third one between the two permanent charitable endowments since VCF was established in 2004.
The event also provided a forum to publicly recognize the contributions of three VCF board members whose seven-year terms ended in 2017, and to highlight the programs of two grant recipients.
Guests were introduced to representatives of the seven new funds established in 2017, and learned that VCF took in $2 million in gifts and awarded $1.7 million in grants that same year. Over its 14-year history, VCF has reached $25 million in total assets and more than 180 funds — a Valley community success story that validates both the original reasons for creating it and The Community Foundation's ongoing support for it.