On June 15th, TTCF held a Fundholders Luncheon on the Lake. It was a perfect summer day with a sweeping view of Lake Tahoe from Gar Wood’s second floor windows. TTCF fundholders gathered alongside Board Members, staff, and consultants to reconnect over delicious food and learn about new investment strategies TTCF is undertaking.
Brian Sharpes, CIMA and UBS Senior Institutional Consultant, advises TTCF’s Investment Committee and presented on the future of TTCF’s potential growth. He shared that his team, who works primarily with institutions, projects a foundation’s endowment will grow exponentially when it reaches approximately $25 million. He said this was for a myriad of reasons including increased capacity, widespread attention, and funder confidence that a foundation can handle larger grants and donations.
TTCF’s assets are approximately $27 million and growing quickly. Naturally, this was exciting news to a room full of people who are deeply invested in both TTCF and our region. Brian went on to speak to the importance of a diverse portfolio of investments and the evolution of impact investing.
Stacy Caldwell, TTCF CEO, then took the stage to translate what this exponential growth could mean for our greater region. Presenting the Impact Agenda, Stacy shared TTCF’s goal of attracting $100 Million to North Tahoe – Truckee. She spoke to the tried and true approaches that TTCF has used in our nearly twenty years to serve our community, our five year strategic plan, and how we see how $100 Million could impact different areas including: Housing, Impact Investing, Families, and Forest Stewardship.
Linda Brown, Donor Engagement Consultant, finished the luncheon speaking to the power of planned giving and the opportunity we all have to leave a legacy we can be proud of. You can read the incredible story Linda told about how one woman left a gift that would impact a whole community.
It was a wonderful luncheon and we are so happy that many of our fundholders were able to join us. If you are interested in learning more about TTCF’s bright future, call us at (530) 587-1776. We would love to chat. You can also email Kathy Whitlow at Kathy@ttcf.net.
Have you seen the Impact Agenda?? You don’t want to miss it.