United Way to recognize retiring CEO with Legacy Fund

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United Way to recognize retiring CEO with Legacy Fund

Staff reports
Published Monday, February 25, 2013   |  270 Words  |  

A new fund at the United Way of the Lowcountry provides a way for community members to honor retiring CEO Clarece Walker's work and keep her involved in the organization.

"The Legacy Fund is being created to honor Clarece's contribution to the Lowcountry and to keep Clarece involved in the community by having her make recommendations as to where money from the fund goes," Peter Post, chairman of the board, said in a news release.

The fund is intended go toward "inspiring, cutting edge and innovative educational and other activities" to boosts families out of poverty, according to the release.

The fund already has $146,000. Early agreements among fund organizers say it must have a minimum balance of $250,000 before any awards or distributions are made. The short term goal is to get the Legacy Fund to $250,000, with a longer-term goal of $1 million.

An advisory group for the fund will be established, as will by-laws to ensure sustainability and guide the fund's implementation.

Coastal Community Foundation and the Community Foundation of the Lowcountry will administer the fund. Donations may be made directly to the United Way, or online at www.coastalcommunityfoundation.org/donors/donate.html or www.cf-lowcountry.org/give/donate-online.

A gala reception and fundraiser to launch the fund and celebrate Walker's 18 years of work is planned for Wednesday evening at Callawassie island. Tickets are $100. Details: Jo Smith, 843-982-3040