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    Home News CRCF endowments provide grants in Pa.
    CRCF endowments provide grants in Pa.
    Local News
    June 2, 2020

    CRCF endowments provide grants in Pa.

    OLEAN, N.Y. — Nonprofit organizations in Pennsylvania recently received grants from endowment funds managed by the Cattaraugus Region Community Foundation.

    Each endowment fund was established by donors to support organizations and causes that are important to them each year, with some also serving as memorials to loved family members.

    The Otto-Eldred Foundation Education Foundation received $6,000 from the foundation’s agency fund at CRCF to provide scholarships for students at Otto-Eldred (PA) High School.

    The Samuel Costa Endowment Fund, established by Samuel and Dorothy Costa of Smethport, PA, made possible three grants to: St. Elizabeth of Hungary Church, which received $1,803.58, and Hamlin Memorial Library and St. Raphael’s Roman Catholic Church, with each organization receiving $901.80.

    “Especially in the midst of such uncertainty these grants remind us of the power of an endowment,” said CRCF Executive Director Karen Niemic Buchheit. “So many people and organizations are falling on hard times, but endowments and the steady funding streams they produce make sure that organizations can expect annual grant funding, and the donors who love the organizations know that grant money is available to provide those organizations support.”

    Donations can be made to any of these funds at CRCF, 301 North Union St., Suite 203, or online at cattfoundation.org.

    Established in 1994, CRCF is growing good by connecting donors to the causes they care about most in the region. Grants from the foundation support many areas, including education, scholarships, health care, the arts, community development, human service, and youth development. To learn more, call (716) 301-CRCF (2723), email foundation@cattfoundation.org, or visit online at www.cattfoundation.org. CRCF is also on Facebook (facebook.com/cattfoundation) and Twitter (@CattFoundation).

    Tags:

    cattaraugus region community foundation donor economics endowment endowment fund finance grant organization
    Marcie

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