Southfield Community Foundation Moves to CFSEM
Continuing 25 Years of Enhancing Lives
In late July, the Southfield Community Foundation transferred its assets to the Community Foundation for Southeast Michigan and became part of the Foundation. The directors of the Southfield Community Foundation were driven by the goal of reducing operating costs and overhead, while increasing the resources available to benefit the residents of Southfield and Lathrup Village. The Southfield Community Foundation had a 25-year history of service to its community and $1.96 million in permanently endowed assets.
“Merging our funds with the Community Foundation for Southeast Michigan will provide the resources and expertise to protect our charitable assets and maximize their impact in the community,” said Raquel R. Robinson, president and CEO of the Southfield Community Foundation. “We will benefit from their outstanding investment performance and knowledge of Southfield, where they already make significant grant investments each year,” she added.
The donor intentions and purposes stipulated for the Southfield Community Foundation funds will be honored in perpetuity. Grants from the Southfield Community Foundation Legacy Funds at the Community Foundation for Southeast Michigan will be made per each donor’s stated intentions.
To help Southfield organizations and individuals learn more about the transition, the Community Foundation for Southeast Michigan is holding an informational workshop. To learn more, contact us at 313.961.6675.
“The Southfield Community Foundation has been serving the community for more than 25 years and we are honored to continue the work of enhancing the lives of the people of these communities,” said Mariam C. Noland, president of the Community Foundation for Southeast Michigan. “The staff and directors of the Southfield Community Foundation have worked hard to ensure a smooth transition. We look forward to increasing our existing grantmaking in these communities and working with donors and nonprofits to take advantage of the benefits that come from this transition.”