The Adirondack Community Trust, the community foundation serving the Adirondacks since 1997, is happy to announce a very generous gift that will keep on giving to the people of Cranberry Lake.
Robert Damoth lived such a quiet life that few people knew him. Yet he felt a strong enough attachment to the Clifton-Fine area to create a wonderful legacy that will benefit its communities in perpetuity.
Mr. Damoth created an endowed fund at the Adirondack Community Trust with his bequest. ACT has invested the fund for stability, so that it will last a very long time. Every year, starting in 2013, four organizations will each receive a grant in the range of $15,000.
These are the organizations he named:
Clifton-Fine Central School for scholarships to four-year universities or colleges
Clifton Community Library
Cranberry Lake Fire & Rescue
Recognizing that he could not foretell what people might need in the future, Mr. Damoth left a fifth portion of the bequest unrestricted. The use of the $15,000 annual grant from this part of the fund will be determined by the Clifton-Fine Economic Development Corporation, a charitable organization whose board of directors has deep roots in the communities Mr. Damoth cared so much about.
Cali Brooks, Executive Director of the Adirondack Community Trust, (pictured at left with Rob Kimmes) has written to and met face-to-face with a representative from each organization to deliver the good news.
The Adirondack Community Trust, one of 700 community foundations across the country, is located in Lake Placid. It administers more than 200 funds totaling $30 million and makes grants totaling an average of $2 million annually to support a wide range of charities throughout the Adirondacks. The Board of Directors and staff of ACT are honored to fulfill Mr. Damoth's wishes by making designated grants to support the communities of Clifton-Fine.
You Don't Have to Be a Millionaire --Or Marry One--To Give to Your Community
ACT has been helping generous people fulfill their dreams since 1997. We are here for the long haul to help you give to the things you care most about.
With ACT, anyone can set up a fund or contribute to an existing fund that will keep on giving well into the future. You can contribute while you are alive and see the results of your generosity. You can do it through a trust or bequest, so that future generations benefit. Either way, you can maximize your charitable impact while taking advantage of significant tax incentives.
If you are curious to learn about creating a fund or contributing to any of ACT's funds, please contact Cali Brooks at firstname.lastname@example.org. You can also visit www.generousact.org or our Facebook page, Adirondack Community Trust.