CANTON - The Renzi family and Renzi Foodservice have supported community events and interests for many years, and now a partnership with the Northern New York Community Foundation will allow them to expand their reach.
Through $125,000 in start-up funds, the Renzi family and business established a charitable foundation within the community foundation to formalize its community reinvestment efforts in support of nonprofit organizations and schools, a news release stated.
Renzi Foodservice has done many charitable contributions and has been actively involved in the communities we serve, said Jude Renzi, Renzi Foodservices vice president of sales and marketing. We strive to practice our mission of Delivering the Difference in every community we serve by listening, respecting and sharing in many of the same causes our customers and employees cherish. We are committed to improving peoples lives in any way we can.
Grant awards will be made by the Renzi family. There are no particular target areas of interest at this time, Mr. Renzi said. When the first grant awards will be named is also unknown.
Community Foundation Executive Director Rande S. Richardson said about a dozen individual or family charitable foundations have been established through partnerships with the Community Foundation. Renzi Foodservice is the second business to establish such a foundation within the Community Foundation; Hyde-Stone Mechanical Contractors was the first.
The Community Foundation also has discussions with people, families, businesses and organizations throughout Jefferson, Lewis and St. Lawrence counties about establishing other charitable foundations through the foundation, Mr. Richardson said.
The gift doesnt have to be huge to do this, he said. If an organization is giving any amount of money into the community, it makes more sense this way. As organizations have more thoughtful discussions about responding to larger requests, such as capital campaigns, this allows them to set aside funding and give over time.
Mr. Renzi said establishing the charitable foundation provides the family and business with the opportunity to be more strategic in giving over the long term, both financially and culturally.
Meanwhile, Mr. Richardson said another area of growth the Community Foundation is experiencing is establishing endowment funds for nonprofit agencies. The most recent endowment fund to be administered by the Community Foundation was established for the Historical Association of South Jefferson. The fund will help address the organizations short-term and long-term needs.
We look at it as we can help be their development staff, Mr. Richardson said. We want to be more than just grants and scholarships; its really only half of the equation.
For more information, visit www.nnycf.org.