Rancho Santa Fe Garden Club to create charity fund with proceeds of building sale
The Board of Directors at the Rancho Santa Fe Garden Club has unanimously resolved that the organization will establish a charity nonendowment fund at the Rancho Santa Fe Foundation in the amount of $3 million.
The decision was made at a recent board meeting. The funds deposited with the RSF Foundation will remain the assets of the Garden Club. An Advisory Committee will be appointed to work with the Foundation to request periodic disbursements for Garden Club expenses or grants to organizations approved by the Board of Directors.
Christy Wilson, executive director of the RSF Foundation, said “The Rancho Santa Fe Garden Club and the Foundation have had a long and mutually beneficial relationship for more than 30 years. We are proud to have been selected to manage the fund that will result from the sale of the club. This will enable the Garden Club to continue to make significant and regular grants to nonprofits which focus on horticulture and conservation for many years to come.”
The mission of the Rancho Santa Fe Garden Club is to further the development of charitable horticulture and charitable conservation activities, within and outside the community of Rancho Santa Fe. For information on club membership and grant and scholarship programs, call 858-756-1554 or email email@example.com.