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Tuesday, December 11, 2012

December News from the Greater Lowell Community Foundation


Looking Forward, Giving Back

Masthead Celebrate Giving

Dear Friends,


Raymond Riddick Jr.
Executive Director 
In the past you have generously given to The Greater Lowell Community Foundation's Annual Appeal. Thanks to you, we have, in the previous year, been able to contribute $748,835 to area nonprofits and $167,146 in scholarships to deserving students. We could not have done this without your support. This year we turn to you once again. We seek your continued support for the area nonprofits through The Greater Lowell Community Foundation's Annual Appeal.

We continue to serve the community in many ways. For example, when Matt Tromadore lost his wife to cancer earlier this year, he wanted to honor her life with a memorial scholarship fund that would help ensure a brighter future for students pursuing the sciences.

>> Learn how the Community Foundation enabled Matt to honor his wife's memory and create a positive impact in our community 


Please consider a generous donation today to help us continue in our mission to change lives and create stronger communities.





R Riddick Signature

Raymond E. Riddick, Jr.                       

Executive Director 


S Joncas signature  

Steven Joncas


Through the generosity of our donors, more than $6.5 million in grants has been awarded to nonprofit organizations and in scholarships since our inception in 1998. These grants are awarded each year at the Community Foundation's Celebrate Giving event. This year's awards ceremony was held at the UMASS Lowell Inn and Conference Center on November 8, 2012. The Community Foundation awarded grants to 25 non-profit agencies that service Greater Lowell, as well as recognizing several outstanding volunteers.   


>> View the list of the organizations that are the recipients of this year's awards


Many thanks to the sponsors of Celebrate Giving, including our premium sponsor Enterprise Bank.  


>> Click here to  see our other generous sponsors!  

R Riddick and M Meehan
Greater Lowell Community Foundation Executive Director, Raymond Riddick Jr. presenting UMASS Lowell Chancellor Marty Meehan a painting by Janet Lambert Moore.
Indian Hill Musicians
Many thanks to the trio of musicians from Indian Hill Music Center in Littleton. They provided a wonderful musical backdrop to Celebrate Giving!

Lowell Iraqi Families Team (LIFT)  

LIFT Logo LIFT is an all-volunteer group of parishioners from the First Parish in Bedford Unitarian Universalist church and friends who work cooperatively with Merrimack Valley People for Peace to provide friendship and support to the more than 50 Iraqi refugee families living in Lowell and surrounding communities. LIFT programs include:


  • Partnering with the families to provide companionship and helping them adjust to the American way of life.
  • Offering ESL conversation fellowship meetings and language coaching.
  • Providing social programs and events.   
  • Offering transportation support including programs to provide bicycles for adults and teens and monthly bus passes for Iraqi High School students.   
  • Subsidizing winter footwear and household basics for incoming families.
  • Providing supplies and training for bedbug remediation.
  • Delivering diaper supplements for families with infants.


If you would like to learn more, or participate in any of our programs - especially partnering with families - please call Jessica Bethoney at 781-259-8680.



Fundraising. Not my job!
Presented by Lori Jacobwith

December 13, 2012

Community Teamwork,Inc

155 Merrimack Street, Lowell

9 am - Noon  


L JacobwithCatapult your individual donor fundraising! Asking for money is something most people simply don't want to do. So between board & staff, whose job is it to do the tasks that lead to getting more gifts from individuals? This session is designed to dispel some myths about the differences between fundraising and development.





Sully - The Words, Wit and Wisdom of Paul Sullivan 

 Sully Book Release Sully: The Words Wit and Wisdom of Paul Sullivan, a new hardcover book that celebrates the life of the late Paul Sullivan, an accomplished talk-show host, Lowell Sun political editor and columnist, and Middlesex Community College faculty member, was published by the Middlesex Community College Foundation. This handsome commemorative book, features Sullivan's columns, photos, and remembrances from family, friends, and coworkers. Proceeds from the sale of the book will be used to establish a Paul H. Sullivan Scholarship.



Changes to Tax Code
in 2013 to Impact Wealthy Donors

Wealthy individuals have until the end of 2012 to take advantage of the highest-ever lifetime gift and estate tax exemption, which enables them to make a major gift to a nonprofit without incurring any federal transfer taxes.


The lifetime gift and estate tax exemption is currently $5.12 million, which allows an individual to transfer assets over a lifetime up to this amount without incurring any federal transfer taxes.


A husband and wife who have not previously used any of their lifetime exemptions can give up to $10.24 million without incurring a gift tax.


The gift and estate tax exemption amounts are scheduled to return to 2001 levels of $1 million on January 1, 2013. In addition, all transfers in excess of $1 million during life or at death would be taxed at 55%, if Congress allows the current law to expire. The gift tax rates were reduced from 45% to 35% for 2011 and 2012.


According to the IRS, a gift tax is a tax, paid by the donor, on the transfer of property by one individual to another while receiving nothing, or less than full value, in return. The tax applies whether the donor intends the transfer to be a gift or not."


Massachusetts does not impose a gift tax on lifetime transfers. In 2011 and 2012 the federal gift tax exemption was portable, which means a surviving spouse can use the remaining amount of the lifetime gift tax exemption not yet used by the spouse who died. However, portability has not been adopted on the state level.

Special Thanks

"Recipe for Development Success."

Jay CaporaleMany thanks to  Executive Vice President and Director of Philanthropy Jay Caporale at the Essex County Community Foundation for a wonderful presentation "Recipe for Development Success: A comprehensive Approach to Philanthropy."  The presentation was oversubscribed with nonprofit leaders learning methods to raising funds in a difficult economy!  


Greater Lowell Community Foundation
100 Merrimack Street, Suite 202
Lowell, MA 01852
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Greater Lowell Community Foundation | 100 Merrimack Street | Suite 202 | Lowell | MA | 01852

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