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.