In July of 2016, the boards of the Caroline Foundation and the Mid-Shore Community Foundation (MSCF) entered into a management agreement that will significantly expand support for the charitable organizations providing medical and/or health-related services to residents of Caroline County.
Under the direction of the Caroline Foundation Board, the Caroline Nursing Home and the Gables were sold to a privately owned company specializing in health management. All proceeds from the sale are owned and invested by the Caroline Foundation, to be distributed as grants to charitable organizations that provide medical and/or health-related services to residents of Caroline County, Maryland.
Terry Mead, President of the Caroline Foundation Board of Directors, noted that the Board wanted to minimize overhead costs for the Caroline Foundation while taking advantage of the Mid-Shore Community Foundation’s not-for-profit expertise. MSCF will provide accounting services, marketing support and will manage the grantmaking process on behalf of the Caroline Foundation.
Buck Duncan, President of the Mid-Shore Community Foundation, expressed excitement about the new collaboration - the first of its kind for MSCF. “A new and substantial capacity for charitable support has been created for Caroline County and we are very pleased that the Caroline Foundation has partnered with MSCF. Through this collaboration, we are able to minimize administrative expenses, making every possible dollar of this resource available for grants to charities.”
In October, the Caroline Foundation made its first grants, $100,000 to Caroline Hospice Foundation for patient services and $9,000 to Caroline County Family YMCA for a Diabetes Prevention Program.
The Caroline Foundation will seek out opportunities for matching grants to further leverage these resources and invite donors to consider additional gifts to the Foundation.
Nonprofit organizations interested in applying for grants from the Caroline Foundation can find the application online at mscf.org/caroline-foundation. The deadline for the Caroline Foundation’s next grants cycle is July 1, 2017. For additional information, contact the Mid-Shore Community Foundation at (410) 820-8175.