Local agency creates agency endowment fund in honor of 100 years of service

Wisconsin Community Services has created a special fund at the Greater Milwaukee Foundation in honor of its 100-year-anniversary. The agency provides need services to individuals in the criminal justice system.
“WCS has a long and rich history of assisting disenfranchised persons to overcome adversity,” said Holly Patzer, the agency’s executive director. “As we looked toward our 100-year anniversary, we felt it was important to invest in our future and continue this legacy. We chose a Greater Milwaukee Foundation endowment as the most effective and trustworthy vehicle we could find to accomplish that goal.”
The agency endowment fund, called the Wisconsin Community Services Centennial Fund, will provide annual operating support for the Milwaukee agency. The agency has more than 40 different programs that serve more than 30,000 individuals and their families in southeastern Wisconsin who have been involved with the criminal justice system.
“Nonprofits choose the Greater Milwaukee Foundation because of our commitment to outstanding financial support and ease of use,” said Jedd Lapid, director of development and donor services at the Greater Milwaukee Foundation. “We invite all agencies to contact us to learn more about this valuable service.”
Wisconsin Community Services started in 1912 as the Wisconsin Division of the Society for the Friendless. Its original mission was to help ex offenders start a new life as well as advocate for change within the criminal justice system. Its programs include halfway houses, intoxicated driver intervention programs and an early intervention truancy program.
Agency endowment funds are specifically created by a nonprofit to provide annual operating support to the organization. Out of a total of 39 funds created in the Foundation in 2011, seven have been agency endowment funds. The Milwaukee Ballet, Milwaukee Children’s Choir, Spirit of Milwaukee, St. Catherine Residence, Whitefish Bay Public Education Foundation and Wisconsin Museum of Quilts & Fiber Arts also created funds in 2011.
As of Sept. 30, 2011, 101 of the Foundation’s 1,103 funds are agency endowments, which account for $22 million of the Foundation’s total $540 million in assets.

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