WHAT IS THE JLC LEGACY FOUNDATION?
The JLC Legacy Foundation was established to ensure the long term financial sustainability of the Junior League of Charlotte, Inc. (JLC), while still supporting annual financial needs aligned to the JLC’s mission. The JLC Legacy Foundation is a critical part of the JLC’s ability to sustain financial giving to community and special program needs, as well as support the JLC in case of financial emergency.
HOW WAS THE JLC LEGACY FOUNDATION FORMED?
The Community Endowment Campaign of 2001 was established to raise initial funds for the endowment, a separate pool of JLC funds invested for long-term growth.
The formal JLC Legacy Foundation was established in 2007, along with a dedicated Board of Directors, to manage the investment and growth of the JLC endowment, including the funds collected from the 2001 Campaign. In 2010, the JLC Legacy Foundation launched a Planned Giving Campaign to enable members to continue to support the long term impact and sustainability of the JLC through the contribution of estate gifts. If you are interested in supporting the JLC Legacy Foundation through a planned gift, please click here to learn more about the JLC Legacy Society.
Since its inception, over $800,000 has been contributed to the Junior League of Charlotte endowment. As a result of principal contributions and growth of these investments, the endowment is now over $1 million.
WHAT IS THE ROLE OF THE JLC MEMBERSHIP WITHIN THE JLC LEGACY FOUNDATION?
Active members and sustainer trustees are appointed to sit on the Foundation Board and have a critical role in managing the health of the current endowment funds, as well as ensuring the long term strategy and growth of these dollars to support the JLC. In addition, the chair of the JLC Planned Giving committee (part of the Fund Development Council) sits on the Foundation Board.
HOW MUCH MONEY HAS GONE BACK TO THE COMMUNITY AS A RESULT OF THE JLC LEGACY FOUNDATION?
Since 2005, over $140,000 has been distributed from the Foundation to supplement community annual project dollars and support special financial needs of the Junior League of Charlotte.
HOW DOES THE JLC LEGACY FOUNDATION DISTRIBUTE MONEY?
The JLC Legacy Foundation has the ability to distribute money annually to supplement community project dollars or other special needs of the JLC, based on a recommendation from the Finance Committee and a request from the JLC Board of Directors. The JLC Legacy Foundation represents a partnership between JLC active and sustaining members who are equally committed to the long term sustainability of the Junior League of Charlotte.