Marking its 46th year in operation, Rochester Area Community Foundation recently reported that the assets it holds on behalf of the community have reached an all-time high of $492 million, up $48 million from last year.
Elizabeth Thorley, a Community Foundation board member and chairman of the Audit Committee, said the assets experienced double-digit increases for four of the last five years.
“The continued growth of these assets means that the Community Foundation can provide more grant support to effective programs and projects that nonprofit organizations offer to communities throughout Greater Rochester and the Finger Lakes,” Thorley said.
Nearly 6,600 grants and scholarships totaling $29.4 million were awarded during the last fiscal year ending March 31, 2018, the second highest in the Foundation’s history.
The Community Foundation set another record — donors created 90 new charitable funds that support their favorite causes or nonprofit organizations, help the communities they love, and provide for those most in need.
Adam McFadden, executive director of Quad A for Kids and vice president of Rochester City Council, announced that the council approved legislation he introduced with President Loretta Scott to memorialize a portion of East Avenue between Alexander and Goodman streets as Joe U. Posner Way. This vote took place 46 years to the day that the Foundation was established.
Posner was the founding board chairman of the Community Foundation and the main driver behind its creation on Sept. 18, 1972. The Foundation office is located on the portion of East Avenue in the legislation.
This special legislation, which will go before the city’s Planning Commission, “will be a lasting tribute to [Posner’s] commitment to empowering the community to make change through collective philanthropy,” McFadden said.
Posner, who died in 2001, was a founder of Foundation affiliates Quad A for Kids and Rochester’s Child. His daughter, Mara Posner Metzger, attended a recent luncheon to receive the news of this honor.
Jennifer Leonard, president and CEO, spoke at the luncheon about the Foundation’s work in the community, and used the event’s theme, “The Power of Many,” to illustrate her points about the effectiveness of working together to help tackle tough community problems.
“This year, the power of many can also be seen through the statues of Frederick Douglass popping up around the city … and the dozens of organizations in Rochester taking part in this year’s celebration of Douglass’ 200th birthday,” said Leonard, who marked her 25th year with the Foundation in April.
Continuing a tradition started 28 years ago, the Foundation honored local philanthropists who make a difference in their communities with their giving, volunteering and can-do spirit.
The Philanthropy Award recipients were the Bud and Peggy Frame family, of Pittsford, and Randy and Marion Henderson, of Webster. Kathy Nixon, of Penfield, received the Joe U. Posner Founders Award.
St. Joseph’s Neighborhood Center received the Ames-Amzalak Award for nonprofit excellence, which is given out every other year and comes with a $10,000 grant.