Allentown, Pa., March 18, 2021—Lehigh Valley Community Foundation recently eclipsed $75,000,000 in assets. This achievement is a result of both market growth and “organic” growth from new funds held by the Foundation. These assets generate funding to support nonprofit organizations.
“Assets of $75 million is another important milestone for the Community Foundation, and it is particularly meaningful after a challenging year,” said Erika Riddle Petrozelli, CEO. “We are thankful to everyone for their support of the Foundation, being our ambassadors in the community and providing the helpful guidance and insight we need. We look forward to continuing our success and community impact in 2021 and beyond.”
Since its inception in 1967, Lehigh Valley Community Foundation has issued more than $50 million in grants to 675 nonprofit organizations including $6.7 million in Fiscal Year 2020 to meet the needs of the community, making it one of the leading funders of nonprofits in the region.
The growth of the Community Foundation is a reflection of the philanthropic spirit that lives in the Lehigh Valley, wise investing for growth, and prudent fiscal stewardship of the Foundation’s funds. The Foundation strives to increase its impact through developing new funds and investing for growth to serve as a permanent source of funding for the Lehigh Valley.
The Lehigh Valley Community Foundation traces its roots to 1967 when community leaders in Bethlehem established an endowment with the $50,000 that remained after Bethlehem’s celebration of its 225th anniversary of its founding. In 1992, the Bethlehem Area Foundation was renamed the Lehigh Valley Community Foundation to represent the greater region.
About Lehigh Valley Community Foundation
For five decades, the Lehigh Valley Community Foundation has helped donors with their charitable contributions with a simple, powerful, and highly personalized approach. LVCF is a philanthropic hub for the Lehigh Valley—and knows and navigates the landscape of the Lehigh Valley’s community’s needs to connect people who care to causes that matter. It is our mission to improve the quality of life in our region, to encourage collaboration among area philanthropists, and to serve as a source of information and expertise regarding charitable giving. Learn more, visit www.lvcfoundation.org