Community Foundation for the Twin Tiers Presents its 2009 Annual Report

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At its seventh annual meeting recently held at the Towanda Country Club in Wysox, Pa., the Board of Directors of the Community Foundation for the Twin Tiers (CFTT) presented the Foundation’s seventh edition of their annual report to the community. The theme of this year’s report is Cultivating the Seed of Inspiration.

The CFTT Board of Directors understands the importance of a charitable organization that allows all citizens – no matter what their means – to make lasting contributions to their community that provides them with their livelihoods. As Board Chair Bill Ransom said, “The CFTT has benefited from seven years of careful tending. We are wiser, stronger and better equipped to meet the needs of our community as we continue to make this community a better place to live for all of us.”

The report gives the highlights of 2009 for the CFTT from the fact the CFTT saw an eighty-seven percent (87%) increase in their asset base to bringing Potter County into its service area. The CFTT had 33 funds under management at the end of 2009 and saw their grant funds grow from $9,000 in 2007, $22,000 in 2008 to $50,000 in 2009. The CFTT also started a vehicle donation program to support its operating fund.

The new funds for 2009 include the Babe & George Tymoski / Rockman’s Apparel Scholarship Fund, Canton Area School District Scholarship & Awards Fund, the Endless Mountains Heritage Region Endowment Fund, the Floyd Hooker Estate Foundation Endowment Fund, the Potter County Discretionary Fund, and the Towanda Musical Society Scholarship Fund.

One of the things stressed in the report is that once an endowment fund is established any member of the public can donate any amount to any of these funds. You don’t have to be wealthy to give back to your community through the CFTT. The Annual Report for 2009 explains how the Foundation operates; the different ways people can contribute to the Foundation, and also lists all the donors to the Foundation in 2009.

The Community Foundation for the Twin Tiers (CFTT) is a non-profit public foundation established in 2002 by a diverse group of local leaders and residents. The Foundation encourages community philanthropy to enhance the quality of life for those who reside in Bradford, Potter, Sullivan and Tioga Counties in Pennsylvania and Tioga County in New York State. It is one of over 700 community foundations in the United States.

The mission of the CFTT is to continuously improve the present and future quality of life in the counties served by the Foundation. If you have an interest obtaining a copy of the 2009 Annual Report, in learning more about the CFTT or in establishing a fund you can contact the organization by calling 888-4759, or visit www.twintierscf.org.

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