Demont Associates


Summer 2010

Accent on Philanthropy
In This Issue
Campaign Success Story: Keene Family YMCA
Volunteer Spotlight: Stu Fraser
Demont Recipient Gallagher Receives National Simms Award
Resources: CDFA Grant Links
Campaign Success Story: Keene Family YMCA
Campaign Co-Chairs JoAnn Fenton and Dr. Robert Englund
JoAnn Fenton and Bob Englund
In November 2005, Demont Associates began a partnership with the Keene Family YMCA in New Hampshire to assess the viability of a capital campaign to raise $13+ million in funds for a new YMCA for the greater Keene area.

A successful feasibility study led to the beginning of a campaign in 2006. Having weathered a  tumultuous fund-raising climate, this effort is nearing completion, with  ground-breaking scheduled for this summer.

No task of this magnitude can be accomplished without the extraordinary sacrifices of devoted volunteers. JoAnn Fenton and Dr. Robert Englund are two such volunteers, serving as Co-Chairs for the nearly four-year capital campaign effort. With the campaign nearing the final stages, we asked them to share with us their perspectives on the project.

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Volunteer Spotlight: Stu Fraser
Stu Fraser, Chair of Keewaydin Foundation's campaign to raise $15+ million
Keewaydin Campaign Chair Stu Fraser
Stuart Fraser is Vice Chairman of Cantor Fitzgerald, a prominent Wall Street firm he has helped steward for the last 25 years. After losing 658 employees in the World Trade Center Terrorist Attack and fighting arduously for company survival while honoring commitments to family members of those who lost their lives, the company has emerged strong and healthy.

With the crisis passed and his own financial future secure, it would not be unreasonable to assume that Stu would want a break from the business's burdens. That may be true, but Stu is very much about another kind of business these days - the business of investing time, talent and treasure for a better future through his growing philanthropic commitments.

Stu serves on the boards of many worthy causes, including two youth development organizations that are currently capital campaign clients of Demont Associates: Keewaydin Foundation, a not-for-profit camp in Vermont headed by Executive Director Pete Hare ($15+ million) and Harlem RBI, a program that provides learning opportunities to inner-city youth ($25+ million) under the leadership of Executive Director Richard Berlin. Stu chairs the Keewaydin Forever Campaign and is involved in the planning of the Harlem RBI campaign. Bob Demont met with him to explore his philanthropy, motivations, and insights into giving so that others might learn from his success and experience.

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Demont Recipient Gallagher Receives National Simms Award
Jake Gallagher and Paulette Maehara, President and CEO of AFP.
Jake Gallagher and AFP President Paulette Maehara
Jake Gallagher, a 19-year old from Yarmouth, Maine was awarded the AFP 2010 Changing Our World/Simms Award for Outstanding Youth in Philanthropy at the Association of Fundraising Professionals' international conference in April 2010.

Jake had previously received the AFP Northern New England chapter's Outstanding Youth in Philanthropy Award and a scholarship from Demont Associates in November 2008.

Gallagher was recognized for his fund-raising and volunteer efforts on behalf of Safe Passage, a Maine not-for-profit that provides education and opportunities to the children who live and work around the Guatemala City garbage dump. The children this program serves live in extreme poverty, and without the support of Safe Passage would not have the funds to attend public school, to eat a nutritious meal, or to receive medical attention when needed.

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Resources: Community Development Finance Authority Funding
Many non profits may not be aware of a state funded program called Community Development Finance Authority (CDFA). The program, offered in New Hampshire among other states, provides tax credits to businesses who "purchase" them to support specific non profit projects.  There is a competitive application process to qualify for the credits, and non profits can apply several times a year. Two Demont Associates clients -- the Keene Family YMCA and the League of NH Craftsmen -- have recently received CDFA awards towards the construction of new facilities. For more information about the NH CDFA program, go to:

Council of Development Finance Agencies
 
New Hampshire Council of Development Finance Agencies

Article from Business NH Magazine: "Tax Credits to the Rescue"



"Example is not the main thing in influencing others, it is the only thing." 


-Albert Schweitzer


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