Foundation

After forty years in the transportation business, Terrance, a longtime client of ours, was ready to sell the company and retire.  His goals in the sale were typical of most business owners.  However, Terrance had one unique aspiration: as part of the sale, he wanted to establish a foundation that would help fund college scholarships for children living is economically depressed communities.  Terrance himself had been raised in the inner-city and only with the help of a grant from a local charity was he able to graduate from college. With the establishment of his foundation, Terrance was able to make good on a 30 year-old promise to help youngsters growing up in circumstances like his.
 
Our firm helped Terrance form his foundation, build its leadership team and craft its by-laws.  Also, we helped the foundation board create a set of management policies to ensure that every dollar was utilized to the fullest.  A decade later, the foundation helps nearly 90 children each year to enroll in some of the best private schools in the area.  Also, the foundation's success has attracted outside funding to the point where almost half of the annual funding of the foundation comes from sources other than Terrance's original endowment.

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