Greenfield Hill Foundation
After reviewing the activities and programs of the Greenfield Hill Village Improvement Society, Inc. (GHVIS) over the years and the potential benefits that could be provided for the area and the town of Fairfield in the future, the board of directors, at its meeting on January 13, 2003 authorized the creation of a foundation qualified as a 501(c) (3) organization. It was felt that many of the activities currently carried on by GHVIS, and those the board felt we should pursue in the future, would qualify as activities of the foundation. The foundation’s advantage is that donations would be tax deductible to the donors and the foundation could receive deductible gifts in other forms from donors.
The Greenfield Hill Foundation was established in April of 2003 and received its Internal Revenue Service approval May 20, 2003. The purposes of the foundation, which is organized as a Connecticut corporation, as stated in its filings and in the by-laws are:
- The corporation is organized exclusively for charitable, educational, religious or scientific purposes within the meaning of section 501(c)(3) of the Internal Revenue Code of 1986 (or corresponding provisions of any future United States Internal Revenue Law).
- To provide funds for educational and charitable purposes including historical preservation, either directly or through contributions to another qualified organization or organizations exempt under section 501(c)(3) of the Internal Revenue Code of 1986 (or corresponding provisions of any future United States Internal Revenue Law), engaged in these activities.
- To acquire and/or participate in the acquisition of properties and/or conservation easements of properties to be permanently designated as open space lands for public use.
- To engage in any other lawful act or activity reasonably related to the foregoing purpose of the Corporation for which a corporation may be organized under the Act.
The IRS approval permits contributions from the public that are tax-deductible to the extent permitted by law. Legal services to establish the Foundation were donated and The Greenfield Hill Village Improvement Society paid other costs.
The Greenfield Hill Village Improvement Society (GHVIS) and its membership dues will still fund community events such as the annual Pumpkin Festival, the Christmas tree lighting, newsletters, and Conservation Commission and Plan & Zoning issues. GHVIS, like other neighborhood associations, is tax exempt under section 501(c)4 of the internal revenue code, but contributions are not tax deductible even though many of the activities would otherwise qualify.
The Foundation is committed to activities that will prevent increases in the density of housing and provide for the preservation of open space lands for the public use. This might include seeking of conservation easements from landowners, holding of development rights, and the participation in or outright purchase of properties. Donors of development rights, conservation easements, or other title restrictions that prevent or limit further development could receive significant tax benefits. These activities will require substantial funding if we are to be successful.
Your support is urgently needed to fulfill the goals of The Greenfield Hill Foundation. Please make your tax-deductible contribution today and send it to:
Greenfield Hill Foundation, Inc.
PO Box 252
Fairfield, CT 06824
(A receipt for your contribution will be mailed to you)
You may also donate online – click the Donate button below to make a secure credit card transaction.