Jack Hood, President of Hood-Rich, Inc., an architectural and engineering firm in Springfield, made five donations of $1,000 each to support the unrestricted grantmaking efforts of five Ozarks communities. The regional affiliate foundations receiving grants are: the Houston Community Foundation, the Stockton Community Foundation, the Taney County Community Foundation, the Willard Children’s Charitable Foundation, and the Willow Springs Community Foundation. This gift qualifies for a $1,000 matching grant from the Community Foundation of the Ozarks’ Harry Cooper Supply Company Campaign for the Ozarks.
“Our firm has truly enjoyed working in these communities. We appreciate the opportunity to do business in the region, and the Cooper challenge program is a great way for Hood-Rich to give back to each community,” said Mr. Hood. Hood-Rich, Inc. has been providing architectural, engineering, surveying, and interior design services to the Missouri Ozarks since 1961.
Businesses of all sizes have worked with Community Foundation of the Ozarks or one of the 40 regional affiliate foundations to give something back to their community. Because donations to unrestricted grantmaking funds and operational endowments are being matched through the Harry Cooper Supply Company Campaign for the Ozarks through the end of the year, it’s a great time for Ozarks business to get involved.
The donations from Hood and the $1 million commitment from the Harry Cooper Supply Company came through donor advised funds. These types of funds offer businesses of any size or individuals an effective way to create and administer a grantmaking program that meets their charitable objectives. Corporate charitable funds provide businesses another route for charitable giving.
Some of the key benefits of creating a corporate charitable fund with CFO include: sound charitable fund management, access to foundation resources, and participation in important foundation initiatives, such as the Harry Cooper Supply Company Campaign for the Ozarks.