GUERNSEY CHARITABLE FOUNDATION HISTORY
On July 9, 1996 the Max and Helen Guernsey Charitable Foundation became a viable corporation. Its defined purpose:
To operate exclusively for charitable, scientific, literary and educational purposes as a non-profit corporation with its activities so conducted and for the purpose of making distributions to organization that qualify as tax exempt under Section 501(c)(3) of the Internal Revenue Code.
Six Directors constituted the Board: Max Guernsey, Helen Guernsey, Gary Nelson, Thomas Paulsen, Harold Stever Jr. and Robert Wilson. In 2000, a change was issued reflecting that "directors" of this board would hereinafter be "trustees." At meetings held twice each year, the Trustees vote on all requests for funds. Added as Trustees have been Shirley Kreger, Michelle Temeyer and Lois Johnson.
Board of Directors L-R :Soo Greiman, Harold Strever, Gary Nelson, Helen Guernsey, Michelle Temeyer and Tom Paulsen
By-laws provide directives for election procedures as well as for the number of Trustees on the Board, power of Trustees, and other pertinent information.
Funding officially began in October, 1997 with the first disbursement made to the Community Foundation (the Cedar Valley Promise Fund). Funding continued to grow in 1998 with GCF making 19 grants, disbursing thousands of dollars to organizations and charities. During 1999, the Foundation continued to grow in number and diverse nature of grant disbursements with 29 grants made.
By June 2000 continued growth created the need for a Director for the Foundation and in August, Soo Greiman was hired. Since 2000 the Guernsey Charitable Foundation continues to grow in assets, the number of grants made and the dollar amount dispersed within our communities.