On November 19, 2014, A-P-T Research, Inc. (“APT”) completed a transaction by which they became a 100% employee-owned company through their Employee Stock Ownership Plan (ESOP). This ESOP transaction created significant capital gains for many of the participating shareholders. Working with the Community Foundation, employees were given the option to donate appreciated shares with low-cost basis to the Community Foundation, which provided them with significant tax advantages while providing them an opportunity to support the community through philanthropy.
Sandra P. Steele-Livingston was a successful businesswoman who created some of the largest real estate developments in the area, but she did not stop there. Sandra understood that her success could be leveraged for so much more, and so she gave generously of herself to touch nonprofit organizations and the people they serve throughout our community. Sandra passed away on April 28, 2014, following a valiant fight against cancer. Sandra’s family wanted to preserve her legacy, and they established the Sandra P. Steele-Livingston INSPIRE Fund to benefit nonprofit organizations in the community she loved.
Over the years, Pam Hudson, M.D., CEO of Crestwood Medical Center, has led her organization to be a proud partner with a number of nonprofit organizations that serve women and families in our community, including Alabama Kidney Foundation, the ALS Association – Alabama Chapter, American Cancer Society, Big Brothers Big Sisters of North Alabama, Kids to Love Foundation, National Children’s Advocacy Center, and WEDC Foundation, just to name a few. Therefore, it was only fitting that Crestwood would continue this legacy by inviting the community to join them in this work, and thus the new Crestwood Women & Families Fund was born. “The Crestwood Women & Families Fund will allow us to continue to partner with local nonprofit organizations to invest in the lives of women and families in our community,” said Dr. Pam Hudson.
Bob and Cindi Ludwig established a donor advised fund at the Community Foundation of Huntsville/Madison County entitled the Caring C's Family Fund. Cindi, a community volunteer, and Bob, retired publisher of the Huntsville Times, have played a vital role in our community for many years. This fund allows them to continue their legacy of giving. The Caring C's Family Fund was the Foundation's first externally-managed fund. Externally-managed funds allow donors to continue to have their personal financial advisor manage the assets of their fund, after it has been donated.