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2017 National Community Foundations Week

The Free Press WV
The Free Press WV

Governor James Justice declared November 12 – 18th as 2017 National Community Foundations Week to celebrate the impact of philanthropy and its role in advancing communities in West Virginia.

“The Parkersburg Area Community Foundation & Regional Affiliates (PACF) works in partnership with generous local individuals, families and corporations who want to make a difference in their communities by creating permanent charitable funds. We’ve been helping local citizens to take care of what matters most to them since 1963. Thirty community foundations, affiliates, and area funds serve 52 of West Virginia’s 55 counties. The PACF is proud to be among those six West Virginia community foundations recognized as being nationally accredited in accordance with the National Standards for Community Foundations. The accreditation process is very rigorous and our accreditation assures donors that PACF’s policies and practices meet the highest standards for our field,” said Judy Sjostedt, Executive Director of the PACF.

The PACF is celebrating National Community Foundations Week with a variety of activities. The PACF, in partnership with Philanthropy WV, WV Nonprofits Association, and Nonprofits LEAD of Marietta College is hosting the Leadership for Nonprofit Success workshop for area nonprofits with national author, David Grant, on Nov. 15th. Mr. Grant will address nearly 70 community leaders to share knowledge from his book, the Social Profit Handbook. During this week, the PACF will also release its Executive Summary of the preliminary results of research on the impact of its Civic Leaders Fellowship Program and its success in retaining the Mid-Ohio Valley’s next generation of citizens. Finally, acknowledging this week, the PACF held an investments seminar recently with Fund Evaluation Group (FEG) of Cincinnati, its independent investments advisor where it publicly shared the results of its charitable fund investments performance. The PACF is a public charity, and its results in comparison to its peer group of foundations, as well as much larger foundations, rank it among the top-performing community foundations nationwide at the one, five and ten year levels. The PACF’s investments return, net of fees, in its most recently completed fiscal year was 13.2%. Director Sjostedt credits the PACF’s strong performance to the careful oversight of its investments committee, FEG and stellar performance by its managers, WesBanco, United, and Vanguard.

Sjostedt noted, “This week and every day, the PACF celebrates the generosity of local people and the impact that their giving has on improving our Mid-Ohio Valley area’s quality of life. With the year-end fast approaching, it’s a tremendous time for citizens to make an investment to advance their communities by supporting their local community foundation.” To learn more about the PACF, visit www.pacfwv.com or stop by its office at 1620 Park Avenue, Parkersburg during regular business hours.

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