Polish-American Cultural Center in Honor of John Paul II has reached yet another milestone; in May 2009 Polish-American Cultural Center (PACC) established an organizational endowment fund at the Cleveland Foundation. The foundation want to thank the board of directors of PACC for the trust you have placed in the foundation.
So what does this mean to PACC and its supporters? An endowment fund is a fund set aside to generate income as well as for long-term use for the not-for-profit organization. Having a strong and stable endowment fund is a sign that an organization is fiscally responsible and prepared for whatever the future may hold. It can also ensure that the mission of an organization can continue in perpetuity if needed.
By partnering with the Cleveland Foundation, PACC also gets access to the foundation staff. In the coming year, we will work together to establish a strong planned giving program, which will include seminars for interested donors and advisors. Our goal is to de-mystify the estate and charitable planning process, and be a resource to PACC as you grow your endowment.
Please feel free to contact Gene Bak at 216 883 2828 or contact the Cleveland Foundation directly at 216.861.3810.
We look forward to a long and prosperous relationship!