La Jolla Community Foundation to manage donations for La Jolla High bioscience/tech center
To make a donation
■ Checks should be made payable to
La Jolla High School Biosciences Center Fund and mailed to:
La Jolla Community Foundation
2508 Historic Decatur Road, Suite 200
San Diego, CA 92106
On the Web
■ Website: ljhs-biosciencecenter.com
■ E-mail: firstname.lastname@example.org
By Pat Sherman
The La Jolla Community Foundation (LJCF) announced this week that it has established a donor- advised fund to manage financial contributions to a new bioscience and technology center planned for the La Jolla High School campus (learn more about the project online at bit.ly/LJHScenter).
“We are thrilled to be partnering with the La Jolla High School Biosciences Center Committee as they work toward creating a world-class Biological Science and Technology Center on the campus,” said Julie Bronstein, executive director of the nonprofit La Jolla Community Foundation, an affiliate of the San Diego Foundation whose mission is to encourage civic engagement and pride through local philanthropy.
“This will really help place La Jolla High School on the map for biosciences and technology education,” Bronstein said. “The La Jolla Community Foundation will work closely with the project committee to help them with their fundraising goals. We want to play a strong role in promoting philanthropy throughout La Jolla and this project is a perfect way to continue facilitating that process.”
Donor-advised funds are administered by a public charity and created for the purpose of managing charitable donations on behalf of an organization, family, or individual, providing an easy-to-establish, low-cost alternative to direct giving or the formation of a private foundation.
Donors enjoy administrative convenience (the sponsoring organization does the paperwork after the initial donation), cost savings and tax advantages (versus individual giving) by conducting their grant-making through the fund.
“The Center is an important project not only for La Jolla High but for the entire community,” LJCF board member Rochelle Bold said. “The members of the La Jolla Community Foundation Board are looking forward to working with the Fund’s leadership on this philanthropic effort. ”
Bronstein said La Jolla High School Foundation board trustee Linden Blue, one of the parents spearheading the project, “felt really comfortable coming to us because of the San Diego Foundation’s successful track record of managing funds for donors and nonprofit entities alike.”
Blue said, “We are demonstrating the seriousness of our fundraising campaign for the new La Jolla High School Biological Science and Technology Center by opening a fund with the La Jolla Community Foundation. This is the first critical step in setting the groundwork necessary to raising our $6 million goal.”
In addition, this week La Jolla Community Foundation also granted $64,000 to the Athenaeum Music and Arts Library for curatorial and managerial stewardship of the Murals of La Jolla public art project, which the foundation launched in 2010 and recently transferred to the Athenaeum.
- La Jolla manse once owned by Copleys undergoing significant rehabilitation
- Upscale culinary shop Sur La Table opens in La Jolla Village
- Fall Fest on Avenida de la Playa in La Jolla Shores is Oct. 29
- Judge’s stay paves way for La Jolla Fourth of July fireworks show
- La Jolla’s village business owners mixed on impact of art, wine fest
Short URL: http://www.lajollalight.com/?p=126622