Derby Endowment Fund Raises More Than $6,000

The first annual Derby Community Endowment reception was held at Grassy Hill Lodge on Saturday, May 12, 2012. Attendees included:



• Mayor Tony Staffieri

• Board of Aldermen President Ron Sill

• Board of Education Chair Ken Marcucio

• Superintendant Dr. Stephen Tracy

• Derby Community Endowment Organizer Mark Nichols

• Other citizens and friends of Derby

Attendees enjoyed food, a classical duet, a presentation from Hometown Historian” Rob Novak on the history of giving in Derby, a toast to Derby and the endowment fund, and the entertainment of magician Danny Magic. 

What’s the purpose of the Derby Community Endowment fund?

The reception was a celebration of the start of a fund that will aid Derby education and community improvements. The fund was established on March 23, 2012 through the Valley Community Foundation. Once $10,000 is reached, then each year a percentage of the fund will be allocated towards three purposes:

• Scholarship or award to student(s) residing in Derby

• Education projects that benefit Derby students

• Municipal beautification / development enhancement

Thanks to the many donations received from individuals and businesses, the fund will soon have over $6,000.

What’s up next for the Derby Community Endowment Fund?

The creation and initial funding of the endowment have been successful. Next up for the endowment fund:

• With city approval set up a committee of concerned citizens that will be in charge of allocating each yearly disbursement to the three set causes. 

• Continue to raise money through charitable foundations and the generous giving of individuals and businesses.

• Plan future fundraising events including next year’s reception.

How can I donate to the fund?

There are two ways to donate to the fund:

• Send a check made out to Valley Community Foundation” with DCE” in the memo line to:
Valley Community Foundation
253‑A Elizabeth Street
Derby, CT 06418

• Donate online at www.ValleyFoundation.org – click the Donate Online” button, fill in the form and choose Derby Community Endowment Fund” from the dropdown box. 

Either way you’ll get a tax receipt mailed to you from the Valley Community Foundation.

Who do I contact for more information?

To find out more about the endowment please contact Mark Nichols at 203 – 732-0630, through email at .(JavaScript must be enabled to view this email address), or on Facebook at www.facebook.com/DerbyCommunityEndowment.

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