About the Salem Community Foundation

The Salem Community Foundation has been created as a regional affiliate of Glens Falls Foundation (GFF), or donor advised fund. This has allowed Salem Community Foundation to get started quickly while relying on the administrative support of GFF.

All funds donated to Salem Community Foundation will be invested and each year an advisory board of 5-7 members will be able to recommend grants ranging from 0% to 10% of the balance of the Salem Community Foundation fund at December 31st of the most recently completed year.

To ensure there are funds available for years to come, he initial goal for Salem Community Foundation is to secure $1 million in private funding by the end of 2024 with a longer term goal of $5 million secured by 2033. At that point, it’s envisioned that ongoing fundraising efforts, coupled with investment returns from a balanced portfolio, will likely produce $250,000 per year of sustainable grant funding, for improvement initiatives for the greater Salem community, while allowing the Advisory Board to spend more or less than that amount each year based on the fluctuations in need.

For more details on the structure of Salem Community Foundation, please read the executive summary below and visit the frequently asked questions page and other pages on this site.