Several years ago, Howard and Marjorie Smith donated their Windsor property to the Community Foundation Serving Greeley and Weld County. The proceeds of the sale of the property were used to establish the Howard E. Smith Family Endowment Fund at the Community Foundation. At the time, the Community Foundation arranged for the appraisal and sale of the Windsor property, immediately provided the funds from the sale to be used towards the purchase of a new home and established an endowment fund.
The Smith’s preferred starting a fund at the Community Foundation rather than beginning a private foundation for the following reasons:
“We were able to participate in community projects that have been thoroughly evaluated. We have the flexibility to designate some funds for projects of specific interest to us. The balance of our funds are wisely invested by the Foundation to assure a growing fund. Individuals come and go, but the Foundation is there to manage our funds in perpetuity. And best of all, we are completely relieved of the paper work. We believe Weld County is on a threshold of growth in philanthropy because of the basic generous nature of many citizens.”