Chico, California (January 9, 2009) – Local nonprofit organizations serving older adults are eligible to receive a portion of $20,000 in grant funds from the Emil and Leonora Steifvater Grant Program, through North Valley Community Foundation. This grant program is a three year initiative to begin and/or expand endowment building programs among nonprofit organizations serving older adults in Butte, Glenn, Tehama and/or Colusa Counties.

Chico, California (January 9, 2009) – Local nonprofit organizations serving older adults are eligible to receive a portion of $20,000 in grant funds from the Emil and Leonora Steifvater Grant Program, through North Valley Community Foundation. This grant program is a three year initiative to begin and/or expand endowment building programs among nonprofit organizations serving older adults in Butte, Glenn, Tehama and/or Colusa Counties.

Interested organizations are invited to attend a training session on February 11 providing the fundamentals of establishing and/or building and endowment program. Grant applicants must have a representative attend a training session, but any nonprofit organization primarily serving seniors may attend at no cost. This four hour class will provide an in depth training in Planned Giving, including estate planning, wills and bequests, charitable trusts, gifts of stocks and real estate, and donor development.

Those attending this training will then be qualified to submit an application for a program that will provide matching funds to begin or expand an endowment building program through North Valley Community Foundation.  Five applicants will be selected to share a total of up to $20,000 in grant funds during the first year. These participants may also qualify for additional funds in the following two years. To register for this class or obtain more details, call NVCF Program Officer Lee Laney at 891-1150 ex 23 or visit www.nvcf.org.

This program is possible through an endowment established by the family of Emil and Leonora Steifvater at North Valley Community Foundation. The purpose of this fund is to enhance the lives of older adults in our region.

“These grants are consistent with our efforts to encourage nonprofits to create endowment funds,” states NVCF CEO Alexa Valavanis. “The current economic situation is leaving many nonprofits with funding shortfalls, especially if they rely upon grants or the government for operating income. Endowment funds can provide a steady source of income that is much less subject to the fluctuations that are normal for grants or government funds.”

“We are pleased that the Steifvater family is directing these grants to strengthen organizations serving older adults and building long term sustainability,” says Valavanis. “We certainly know that the demand for these services will be increasing as our population of older adults is increasing.”

NVCF is a non-profit, philanthropic organization that builds financial resources to meet community needs through grants and programs primarily for residents in the Butte, Colusa, Glenn and Tehama counties.  With net assets of over $5 million, NVCF provides financial and administrative services to donors, professional advisors and nonprofit organizations with the goal of enriching the quality of life of its community members. Since 1986, over 250 individuals, families, businesses, and community groups have established funds at the Foundation.

North Valley Community Foundation is one of approximately 750 community foundations throughout the United States that provides similar services. Each is dedicated to increasing philanthropy and improving and enriching the lives of community members in a specific geographic area.