GLCF Announces New Lowell TeleMedia Center Agency Fund
Lowell, MA – The Greater Lowell Community Foundation announced the creation of the Lowell TeleMedia Center (LTC) Agency Fund. This new agency fund provides annual and capital support to LTC to further its mission to strengthen the City of Lowell as a community media and education center.
“We are grateful to collaborate with GLCF,” said Jessica Donaldson, LTC Board President. “This fund allows us to continue and foster community engagement and collaboration around video and telemedia production today while having the flexibility to invest in key initiatives in the future.”
“We are excited for our partnership with LTC and the creation of their new agency fund,” said GLCF President and CEO Jay Linnehan. “GLCF’s agency funds allow organizations to create a fund that generates investment income, year after year.”
A nonprofit agency fund is a simple and effective way to take advantage of the foundation’s professional investment management services while building a funding source and promoting sustainability for nonprofits in Greater Lowell. More than 40 Greater Lowell nonprofit organizations have established agency funds at the Community Foundation. For more information on the Greater Lowell Community Foundation please visit www.glcfoundation.org.
About Greater Lowell Community Foundation
Established in 1997, the Greater Lowell Community Foundation (GLCF) is a philanthropic organization comprised of more than 390 funds dedicated to improving the quality of life in 21 neighboring cities and towns. With financial assets of more than $55 million, GLCF annually awards grants and scholarships to hundreds of worthy nonprofits and students. It is powered by the winning combination of donor-directed giving, personal attention from Foundation staff, and an in-depth understanding of local needs. The generosity of our donors has enabled the Community Foundation to award more than $25 million to the Greater Lowell community.
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