Impact of planned giving seen in regional grantmaking program

In February, the Louis and Dorothy Coover Foundation, a partnership between CFO and Commerce Bank, awarded more than $267,000 to 13 nonprofit agencies serving the people of the Ozarks. Agencies across the Ozarks are familiar with the impact of the grantmaking program, but what is often left out of the newspaper articles is that these grants would not have been possible without Louis and Dorothy Coover’s decision to make a planned gift that established this foundation upon their passing.

Dorothy worked at Commerce Bank for more than 30 years, and always found time to work on behalf of the needy, on top of her career. A member of St. John’s Episcopal Church, it was there that she met her husband Louis L. Coover. After a long courtship, they were married until his death in 1970. The couple had no children, and through their estate plan they left a generous portion of their assets to serve the needs of the community.

In 2003, CFO and Commerce Trust Company partnered to expand the impact of grantmaking within the region. Since then, the Louis and Dorothy Coover Regional Grantmaking Program has awarded more than $2 million in support of worthy projects that directly impact the quality of life in the Ozarks. The most recent Coover awards focused directly on thoughtful solutions to conditions associated with rural poverty.

The Louis and Dorothy Coover grantmaking program will continue to be essential to efforts to address the challenges facing our communities. It’s an ongoing effort that’s possible because of a very personal decision made by the Coovers long ago to give something back.

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