Lasting legacy to reorganize in january [Republican & Herald, Pottsville, Pa.]
|By Stephen J. Pytak, Republican & Herald, Pottsville, Pa.|
|McClatchy-Tribune Information Services|
These days, Lasting Legacy for
"We're always open for ideas,"
Schlitzer, a senior account executive at
"I like the projects that they've done and the dramatic impact they've had on the quality of life in the city.
Lasting Legacy, which meets quarterly, will hold its next meeting at the offices of the
This will be a reorganization meeting in which a new president will be appointed, Palamar said.
In 2002, city officials and volunteers formed a committee to plan events to celebrate the city's bicentennial in 2006. Palamar said he was part of that committee.
"The Bicentennial Committee wanted to do more than just hold a parade or do a one-time thing. They wanted to establish something permanent," Palamar said.
That's how Lasting Legacy came about.
"Through the very virtue of its name, Lasting Legacy wanted to make sure it was able to maintain whatever investment it made in the community, so it always looked nice or nicer than when it was put in," Palamar said.
Lasting Legacy's first board of directors was formed in 2003. It is a nonprofit, 501c3 organization, Palamar said.
"And people have the comfort of knowing that the donations are being handled through a trusted community entity," Palamar added.
Its endowment is managed by the
The foundation manages two accounts for Lasting Legacy, according to Kuperavage. Its "permanent endowment" is
"Those funds are invested in perpetuity and the earnings are distributed to the organization for their projects," Kuperavage said.
Lasting Legacy also has a "maintenance account," a fund used to maintain its park projects, including
The 2011 board members included President
Along with Schlitzer, the council appointed
Board members are not paid, Reiley said.
"We all buy our own lunch. And the members of the Lasting Legacy board have all contributed something to Lasting Legacy. You just don't take anybody and put them on the board. They have to be a contributor to get on the board," Reiley said.
"There's the upkeep of all the projects we've started, like
Over the years, Lasting Legacy's projects included upgrades on The City of Pottsville Bike Path and Jogging Area at
This month, Lasting Legacy spent an estimated
(c)2011 the Republican & Herald (Pottsville, Pa.)
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