Dissolution of the Foundation

Dear Plantation Community Foundation Members,

It is with a heavy heart that we are writing to inform you that the Board of Directors of the Plantation Community Foundation, Inc. (PCF) has made the difficult decision to dissolve the Foundation. This was not an easy decision, and is the culmination of comprehensive discussions and research into possible organizational alternatives.

The principal factors leading up to this decision include:

1. Membership has declined appreciably over the past several years, despite marketing efforts to attract new members.

2. With the decline in membership, the pool of volunteers also dropped and this has negatively impacted our fundraising efforts.

3. The demographics of the Plantation Golf and Country Club have changed and new members are electing not to join the Foundation where members once enjoyed social events while satisfying philanthropic needs in the local community.

4. Identifying and recruiting Board members has been a significant challenge.

Given these factors, the Board concluded that this is the most responsible path forward for the PCF and our mission.

Since its inception in 1988, the PCF has provided approximately four million dollars of financial support in the form of grants to local South Sarasota organizations. We have assisted veterans, children, families and elders. We have helped uninsured citizens with healthcare and medicines. We have provided food and shelter to those who cannot afford it. Together we have made a positive difference across our community and this would not have been possible without our members’ dedication and generosity. Your commitment has been the lifeblood of our organization and we extend our sincere gratitude for the many years of support and contributions in shaping the vision of the PCF.

In the coming months, the Board of Directors will undertake the winding down of the Foundation’s operations. This will be a painstaking process, a substantial aspect of which will involve the distribution of the Foundation’s assets in the form of impact grants and other grants in accordance with the Articles of Incorporation to local qualified charitable organizations that align with our mission. We will be seeking input from those who have served on the Grant Committee. We are confident that these grants will significantly enhance the capabilities of the selected charities in further advancing their missions. Furthermore, we believe that these grants will serve as a lasting legacy for the Plantation Community Foundation. You can expect future updates from the Board via email only regarding the completion of steps in the dissolution process.

While we are saddened that the Foundation will be closing, we are proud of our achievements and are filled with immense gratitude for your role.
 

Respectfully,

Donna Castellano, Irene Crowley, Janet Lee, Joe Noto, John Noyes, Linda Zambaldi

PCF Board of Directors

Kathy Braglia

President
 

For questions, please contact us at pcfoundation500@gmail.com
 

The Plantation Community Foundation is an organization dedicated to improving the
quality of life of South Sarasota County residents by supporting organizations
 involved in food, housing, and healthcare.