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Success Stories
Community Builders Fund
Rose Community Foundation’s grantmaking program received a vote of confidence in 2007 with the establishment of the Community Builders Fund. The fund was initiated by donors Carol and Larry A. Mizel, who intend to make ongoing annual gifts to augment the Foundation’s unrestricted grant dollars by an additional 1 percent each year.
With the Foundation’s 2008 grantmaking budget set at $12 million, 1 percent is a sizeable amount – the Mizels’ 2007 gift was $120,000. The contribution was made through the Mizel Family Foundations.
“We have watched as Rose Community Foundation has built a track record of thoughtful and effective grantmaking since 1995,” says Larry Mizel. “We trust the judgment and experience of the Foundation’s volunteer board and committee members, and its knowledgeable staff.”
The Mizels hope that others will join them and their children in becoming “Community Builders.” The fund is open to any donor who makes a contribution equal to 1 percent or more of the Foundation’s unrestricted grantmaking budget for the coming year. Over the past three years, the grantmaking budget has ranged from $10 million to $12 million annually.
Community Builder Fund contributions are simply added directly to Rose Community Foundation’s grantmaking budget. “All of the Foundation’s grants are subject to a rigorous review process before they are made,” says Rose Community Foundation President and CEO Sheila Bugdanowitz. After receiving funding, grantees are responsible for reporting back to the Foundation to ensure that the goals and objectives are being met.
“The Mizel family is well known in our community for their many philanthropic investments,” says Bugdanowitz. “We are sincerely honored that they have chosen Rose Community Foundation to receive this generous gift, and we are so pleased that our grantees will reap the benefits.”
Are You Interested in Building Community?
If you would like more information about the Community Builders Fund at Rose Community Foundation, please contact Sheila Bugdanowitz at 303.398.7401.
- From Rose Community Foundation's 2007 Annual Report
Carol and Larry A. Mizel
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