Dorothy E. & Kenneth E. Schaible Fund for the Boys & Girls Club of the Lower Naugatuck Valley
As a participating organization in the Foundation's Endowment Challenge Program, this Fund is a designated fund to benefit the Boys and Girls Club of the lower Naugatuck Valley and gifts were matched by the Foundation. Ken and Dotty Schaible know first hand the value of a community foundation. After serving seven years on the Board of directors for The Community Foundation for Greater New Haven, Ken was one of the Founding Board Members of the Valley Community Foundation.
"I've developed a deep appreciation for the dramatic effect a community foundation can have on the communities it serves," said Mr. Schaible. "Community foundations are flexible vehicles for donors and their families to leave lasting legacies to their communities for current needs and opportunities and for those unforeseen in the future. These Foundations provide increased funding opportunities for working non-profits and scholarship programs, helping donors identify needs and dedicate Funds to support their own philanthropic interests. The Valley has a rich tradition of philanthropy—the Frank and Ross Gates Fund at The Community Foundation, the Katherine Matthies Foundation, and the legacy of Katherine Osborne Kellogg. The Valley is fortunate to have access to these resources. Creating a Fund at the Valley Community Foundation is all about building on that tradition and growing that pie—to help ensure the future of the Valley for generations to come."
Ken and Dotty have established three Funds. The Dorothy E. and Kenneth E. Schaible Community Fund was created as a flexible Fund that will address the most important needs and opportunities now and in the future. Through the Dorothy E. and Kenneth E. Schaible Donor Advised Fund, Ken and Dotty will make recommendations to the Foundation Board about grants to a variety of worthy organizations.
The Dorothy E. and Kenneth E. Schaible Fund for the Boys and Girls Club of the Lower Naugatuck Valley community was established as a part of the Foundation's Endowment Challenge Program. Grants from the Fund will be made to the Boys and Girls Club, an organization that the Schaibles hold dear."When you establish a Fund, you're not giving to the foundation, but giving through it, back to the community," said Mr. Schaible. "There are so many choices for giving—there is something for everyone. Your name doesn't have to be "Rockefeller" or "Ford"—everyone can participate in making the Valley an even stronger and better place to live. it's all about creating a lasting legacy that will truly make a difference throughout the coming years. "Community foundations are flexible vehicles for donors and their families to leave lasting legacies."