Pasadena Community Foundation and Pasadena Child Health Foundation Announce New Relationship

first_img Subscribe Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena First Heatwave Expected Next Week Make a comment Your email address will not be published. Required fields are marked * More Cool Stuff faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Top of the News Name (required)  Mail (required) (not be published)  Website center_img Members of PCHF Board – seated: Tara Westman, President, Deborah Silver; standing: Lorna Miler, Charmayne Mills Ealy, Sheila Thornton, Gloria Pitzer, TreasurerThe Pasadena Child Health Foundation (PCHF) was established in 1951 as a private foundation, two years before the founding of the Pasadena Community Foundation (PCF). For over 60 years, these two foundations have worked side by side in Pasadena to support local non-profits. In June, the PCHF Board voted to dissolve as a private foundation and continue its mission as a component fund of the Pasadena Community Foundation (PCF).According to Board Chair, Tara Westman, “the PCHF Board saw that efficiencies could be achieved and long term grant making could grow through this new arrangement. PCF has staffed the PCHF for the past 18 months, and together we have done a lot of analysis and thinking about how best to ensure the perpetuity of the Foundation’s work.” PCHF’s assets of approximately $6.0 million the represents the largest single gift to the Pasadena Community Foundation in its history.In 1994 PCHF received $5 million, a 20% share of a trust that had been established in 1928 with 500 shares of IBM stock – at the time worth just over $12,000. This significant gift allowed PCHF to make an even greater impact in the community.Now, as a component fund of PCF, the PCHF will be able to take advantage of both cost savings and streamlined administration. Gloria Pitzer, PCHF’s Treasurer, said: “It became clear that working with PCF not only offered the opportunity to share knowledge in terms of how to better serve local child-health related non-profits, but also would cut costs significantly. In today’s difficult economic environment, small foundations can struggle to grow their assets in order to keep pace with both inflation and community need. We – the PCHF Board – wanted to make sure that this money was available to do good in our community forever. And working with PCF, who knows this community so well, will only further strengthen our ability to impact child health issues in Pasadena.”For more information, visit www.pchf.org and www.pasadenacf.org. 0 commentsShareShareTweetSharePin it Community News HerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeauty6 Lies You Should Stop Telling Yourself Right NowHerbeautyHerbeautyHerbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeautyHerbeautyAmazing Sparks Of On-Screen Chemistry From The 90-sHerbeautyHerbeautyHerbeautyFollow This Summer Most Popular Celeb Beauty TrendHerbeautyHerbeautyHerbeautyHe Is Totally In Love With You If He Does These 7 ThingsHerbeautyHerbeauty Business News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Community News Pasadena Community Foundation and Pasadena Child Health Foundation Announce New Relationship From STAFF REPORTS Published on Friday, September 30, 2016 | 11:08 am Community Newslast_img

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