The Montpelier Foundation
"There are many places you can leave money, but there's no place like home."
What is it … The Montpelier Foundation is a tax-deductible charitable fund created to accept contributions of money, securities, or property from individuals, organizations, and corporations in order to support future long-term projects in our community. It's like an endowment fund for the city!
Why we need it … Montpelier has a limited tax base that is becoming increasingly overburdened. Bonding and taxing have become our principle means of funding needed "bricks and mortar" projects. Many other desirable project have just never happened at all. The time has come for a more creative source of revenue.
Remember Hubbard, Kellogg, Heaton, Smilie, and others … Every resident has to appreciate the contributions made to the city by these people and others like them. Times have changed and so must we. Using the Foundation, individuals and corporations will be able to pool their resources and accomplish more than we once thought possible.
Just imagine … A new recreation center, a band shell, a skating rink, educational facilities, a civic center, neighborhood parks, a new riverfront, a science center. Most of these could not happen without corporate and private philanthropy. Others will happen out of necessity and will continue to tax-burden our children for years to come.
How the fund works … The Montpelier Foundation, or the "fund", primarily functions by providing donors with perpetual stewardship of their charitable contributions and by making timely grants to appropriate long-term city projects. The fund is a separate city account governed by an appointed five-member board of trustees, each of whom must be a current resident of Montpelier.
Ways to invest in our future …
* Money and securities. The foundation accepts cash and marketable securities of any amount. Donors may make one-time contributions, annual pledges, or something in between.
* Life insurance. Policies may be established naming the Foundation as the beneficiary.
* Memorials. Contributions may be made in the name of a friend, relative, colleague, employee, or anyone whom you wish to honor.
* Charitable remainder trust. An irrevocable gift of an asset may be made while retaining a lifetime of income derived from it.
* Property. The Foundation can accept gifts or marketable property, the proceeds from which could then be invested.
* Bequest. The Foundation could be included in wills as part of an individual's estate plans.
For more information … contact Trustee Beverlee Hill at (802) 223-9512, or e-mail at bhill@montpelier-vt.org
Or write: The Montpelier Foundation
39 Main Street
Montpelier, VT 05602
updated May 8, 2008
Please send comments to: webmaster@montpelier-vt.org
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