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- NEWS -

CCCF Welcomes New Executive Director

Focus Centre County Update

WE'VE MOVED- Come Visit Us

CCCF 3rd Quarter 2007 Grant Awards

25th Anniversary Report to the Community Now Available

Charitable IRA Rollover - Check It Out

News

We've Moved

Come visit us at our new location in State College!

New Location:  Suite 175, Bristol II, 2601 Gateway Drive, State College

Our Mailing Address Remains: P.O. Box 648, State College, PA 16804

25th Anniversary Annual Report Now Available

We are pleased to announce that our Report to the Community for 2006 is now available. We have mailed over 11,000 copies to Centre County residents and are distributing copies to our friends who wish to have them available in their offices. In addition to material that we include every year - grants awarded in 2006, brief overviews of each named fund, financial report, etc. - this issue features individuals who tell their stories about the place of the Foundation in their lives-part of our 25- year history.

If you haven't received a copy and would like one - or would like additional copies to give away or for us to mail out - please contact the office at 237-6229 or email us at info@centrecountycf.org.

IRA Charitable Rollover

The Pension Protection Act of 2006 permits individuals to distribute up to $100,000 from an individual retirement account (IRA) directly to a qualifying charity without recognizing any taxable income on the distribution transferred to the qualifying charity.  A qualified charitable distribution is a distribution from a traditional or Roth IRA of an individual who is 70 ½ years of age or older to an eligible charitable organization. This opportunity applies for distributions made in 2006 and 2007 only. This could be an excellent opportunity for those with “overfunded” IRAs to transfer funds to charity now and see the good results at work while still living. For more information, please contact your financial advisor or the CCCF office.

Council  On  Foundations  Recognizes CCCF  for  Compliance  with  National  Accountability Standards

The Centre County Community Foundation is being recognized for having organizational and financial practices that are in accordance with the National Standards for U.S. Community Foundations. Of the 35 community foundations in Pennsylvania, CCCF is the fourth to be awarded this certification. To few the complete press release included the six key areas addressed by the 43 benchmarks of the National Standards, click here.

P.O. Box 648, State College, PA 16804 ● 814-237-6229 ● fax: 814-237-2624

The official registration and financial information of Centre County Community Foundation may be obtained from the Pennsylvania Department of State by calling toll free, within Pennsylvania, 800-732-0999. Registration does not imply endorsement.