We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
So far, the Community Foundation Serving Boulder County has given out $1.73 million in grants for flood relief. The foundation disbursed $325,840 to the Foothills Flood Relief Fund, $143,673 to small businesses and farms, and the remainder primarily to individuals and families through grant application processes in Lyons, Jamestown, and unincorporated Boulder County.
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Lyons — through the Lyons Community Foundation, a fund of The Community Foundation Serving Boulder County — has also funded a number of community and rebuilding projects.
Margaret Katz, director of philanthropic services for the Community Foundation Serving Boulder County, said the Rebuild Jamestown Fund earmarked for infrastructure needs will be disbursed once things are more settled with federal and county relief efforts.
The foundation, has received 4,000 donations, the largest – $500,000 – coming from the Dr. Scholl Foundation.
The Bohemian Foundation in Fort Collins donated $750,000 through a grant matching donations from individuals to any of three flood-relief funds that were established by the Community Foundation of Northern Colorado. The funds covered three areas — Loveland, Drake and Poudre River communities.
Sara Maranowicz, the Bohemian Foundation’s community program director, said the community matched the amount by January.
“Our community is incredibly generous,” she said. “This has been a compelling opportunity to work alongside a great community.”
The Bohemian Foundation also donated $250,000 to the Small Business Recovery Fund. The fund, in support of nearly 350 affected businesses in Larimer County, was established by the Richardson Foundation and Blue Ocean Enterprises and executed by United Way of Larimer County.
Eric Hozempa, executive director of the Longmont Community Foundation, said his group received and disbursed about $600,000 to nonprofits that were filling immediate and intermediate needs.
“It was fantastic to see the outpouring of support,” he said. “I’ve lived in the area since 1970. It was so nice to see the caring.”
Hozempa said most of the donations came in the first six months after the floods, and since then, donations have nearly stopped.
Volunteer-run organizations such as the Long-Term Flood Recovery Group for Boulder County are doing their share to help with filling needs still unmet.
In July, the group created partnerships with the city of Boulder, Boulder County, Lyons, Jamestown, Longmont, nonprofits such as Foothills United Way, the business community and faith-based groups to help flood survivors.
The long-term relief group also has launched BoCo Strong — a series of community conversations to help Boulder County strengthen its resilience after the floods, much like an exit interview trying to find out what worked and what didn’t work when responding to a disaster.