Two new members have joined the Board of Directors of the Eau Claire Community Foundation (ECCF), which is currently celebrating its 20th year of service to the community.
Sherry Mohr and Dale Wood were named to three-year terms on the board. Chris Hasenberg was reappointed to the board for a second three-year term.
Laura Talley is the new board chair, replacing Mark Faanes. In a press release, the ECCF thanked Faanes for his service as chair and also extended thanks to three people who are stepping off of the board: Jane Lokken (a former board chair), Jeff Halloin and Charlie Grossklaus.
The ECCF board is a volunteer group that is responsible for developing policies, procedures and regulations for the foundation’s operations. It also monitors ECCF’s financial health and provides the executive director with resources to meet community needs, according to the press release.
The foundation’s executive committee includes Karl Murch, vice-chair; Laurie Klinkhammer, secretary; and Lois Krause, treasurer.
Since its creation 20 years ago, the ECCF has distributed over $7.2 million in grants to 354 nonprofits organizations. It currently holds 259 funds and over $20.8 million in assets. The press release noted that a total of 140 people have joined ECCF’s Legacy Society by making provisions in their estate plans for gifts to the foundation.
As a 501(c)3 organization, the ECCF enables donors to claim credit for charitable deductions under Internal Revenue Service rules. Contributions to the foundation go into endowments that are invested to produce interest and dividend income that provides long-term support for local nonprofit organizations.
More information about the ECCF is available on its website at www.eccommunityfoundation.org or by calling 715-552-3801.