| In August 1956, as
part of Glendale's 50th anniversary celebration, a number of women from
the Glendale Tuesday Afternoon
Club decided to create a local organization that would allow any citizen
to become
a philanthropist according to his or her individual means. This group of far-sighted community
leaders formed the Glendale Community Foundation to offer a legacy of
decades-long stability
to the city's nonprofit organizations. A fund was established
that would forever
grow through an indefinite number of donations and bequests from
a wide variety of donors, given during the donor's lifetime or
provided for in
his or her will. These funds were invested in extremely safe investment instruments
to always keep the principal intact. The interest was drawn off and
granted to the various charities in town in perpetuity. One of those far-sighted people was Alice Moore, a Glendale attorney.
She believe that if a person had no immediate family, or if provisions
had been made in the will for the family, a tax-free legacy could be
offered to the Community Foundation from which charitable, educational
and civic betterment allocations could be made-to indefinitely help
the Glendale community. From the start, the Community Foundation only
offered grants for capital improvements so the benefits could easily
be quantified. The growth was slow at first. Combined with John Bruecker's initial
$3,000, a few minor contributions were made to get the organization
off the ground. In 1960, the asset base was only about $5,000. Continuous Growth The Community Foundation had a very attractive calling card -- donations
constantly grew, and continue to grow. By 1978, the Community Foundation
administered nearly $100,000. By the foundation's 25th anniversary,
in 1981, the fund had grown to more than a quarter of a million dollars.
Then, in mid-1986 the fund reached a crucial milestone -- $1 million
in assets. Much of this growth can be attributed to Don Packer, one of the most
influential and hardest working members of the Community Foundation. Packer, now deceased, was a local Studebaker dealer, who upon his
car-dealing retirement took up the reins of the Community Foundation.
Due to Packer's efforts the organization increased its size from $25,000
to over $1 million by 1989. Later, in 1992, Packer's estate left over
$600,000 to the Community Foundation pushing our assets above $2 million. Donors are able to set forth in their wills the charitable organization
to benefit from their contributions or it may be left to the discretion
of the Board of Trustees based on the current needs of the community.
The Community Foundation has always been a volunteer organization
with the goal of maintaining and improving the quality of life in Glendale
and the Foothill area. It exists to provide local donors with the easiest
and most efficient way to implement their present and future charitable
intentions with maximum tax advantages. Benefitting Organizations Over
the past five decades, the Community Foundation has benefited
hundreds of charitable organizations ranging from the local YMCA,
YWCA and
the Glendale Red Cross Chapter to the Verdugo Hills Council
of the Boy Scouts, Verdugo Mental Health Center, and Association
for the
Retarded. Other areas of assistance include blind people, abused
children, the arts, the environment and seniors. The Community Foundation also offers scholarship
and interest-free loans to local students who are preparing
to attend college. Our Book of Memory was created in 1970 and now
contains the
names of more than 750 former residents who have been memorialized
by friends and relatives with tax-deductible gifts to the
Community Foundation. The Book circulates among the city's
library branches.
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