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.
CFD Research Corporation (CFDRC), located in Cummings Research Park, is making a major investment in the community through two new gifts.
CFDRC is contributing $100,000 to the Community Catalyst Fund at the Community Foundation of Huntsville/Madison County. The Community Catalyst Fund is a new endowed fund that will provide a perpetual source of grants for improving quality of life in Huntsville and Madison County.
Crestwood Medical Center and the Community Foundation of Huntsville/Madison County recently held a Founding Supporters Celebration and announced the organizations who received grants from its first distribution from the Crestwood Women & Families Fund.
The mission of the Crestwood Women & Families Fund is to establish a grant-making fund for high-impact grants to address the issues and meet immediate needs of women and families in our community. The fund is managed by the Community Foundation and represents the first “giving circle” managed by the Foundation.
The Community Foundation of Huntsville/Madison County and Torch Technologies today announced the creation of a new endowed fund which will provide a perpetual source of grants for improving quality of life in Huntsville and Madison County.
The new fund, called the Community Catalyst Fund, is an endowment to be funded by unrestricted gifts which will empower the Community Foundation to make annual grants for the betterment of the community.
The ALATEC Corporate Care Fund, administered by the Community Foundation of Huntsville/Madison County, is a special charitable fund which allows employees of ALATEC to apply for grants during periods of extreme financial hardship brought on by natural disaster, death, serious or life-threatening illness or injury, or other crisis. This new fund allows tax-deductible donations to be made by the Company or its employees to create funds available to ALATEC employees who suffer an unexpected tragedy.
“The ALATEC Corporate Care Fund allows our Company and team members to help take care of our own when they need help the most” said Donna Faulkner, Executive Vice President of ALATEC. “By making use of this specialized fund administered by the Community Foundation, we are able to make tax-deductible contributions to a fund to help our employees, and they can receive much-needed financial assistance without incurring a tax liability on the assistance received.”