Food pantry gets money-management lift from CFOC
As the Cooperstown Food Pantry marks 45 years of addressing food insecurity and poverty in the region, a new partnership with the Community Foundation of Otsego County will allow the organization to focus more on its core mission rather than investment management.
CFOC Executive Director Jeff Katz said the new Cooperstown Food Pantry Fund “will allow CFOC to help the Pantry with financial oversight, and also create a new way to donate through the CFOC website, including processing stock transfers, bequests, and other complex gifts.”
The Pantry program is part of CFOC’s Nonprofit Partner Investment Fund, a special service offered to 501(c)(3) organizations operating in Otsego County. The plan assists local nonprofits with investment management, accepts gifts from supporters, and monitors investment activities. With the program, CFOC can invest, account, and acknowledge gifts so a nonprofit can focus on its mission.
The Nonprofit Partner Investment Program also can establish an endowment fund to give a nonprofit permanence and sustainability, enable a nonprofit to receive complex gifts, bequests, and credit card payments, and design criteria to address a nonprofit’s investment goals.
“We are fortunate the Food Pantry is supported by our community,” said Pantry Executive Director Mary Kate Kenney. “The CFOC has enabled us to prudently manage our funds, while giving the Pantry organizational support so we can focus on easing food insecurity among neighbors in need.”
The Cooperstown Food Pantry, at 25 Church Street, works with community partners, volunteers, and the Regional Food Bank of Northeastern New York to provide comprehensive services and a welcoming, respectful experience for those who use the Pantry. Learn more about the Pantry at cooperstownfoodpantry.org.
Find information about the Community Foundation of Otsego County and its Nonprofit Partner Investment Fund Program at cfotsego.org.
