Hanscom FCU Distributes 100% of Proceeds to Charity

Hanscom AFB, MA (October 30, 2018) – The Hanscom FCU Charitable Foundation provided an accounting of major gifts in 2018 at its sixth annual meeting on October 29th at the Hanscom FCU main office on Hanscom AFB. The meeting was attended by supporting members of the Foundation.

“The Foundation’s focus is on providing donations, marshaling both human and financial resources, and providing assistance where we can do great things for the community,” said Teresa Conrad, Chairwoman of the Foundation. “We seek to create synergy by combining the Foundation’s objective with supporting members’ mutual interest in social welfare and betterment of quality of life that captures the true spirt of ‘People Helping People.’”

Conrad noted that the non-profit 501(c)(3) organization distributes 100% of its proceeds to charity and provided details of the Foundation’s extensive charitable activities in 2018 that included:

• A $135,000 donation to the Home Base program, bringing the Foundation’s total support to the organization over the past five years to $535,000. The donation will fund clinical care and support research that assists veterans and their families experiencing post-traumatic stress and traumatic brain injuries.
• Sponsorship of charity runners in the Boston Marathon to support Boston Children’s Hospital. Over $43,000 was raised to fund several pediatric brain research projects at the hospital, including the search for treatments, therapies, and cures for Moyamoya Disease, Sturge-Weber Syndrome, Cerebral Palsy, and pediatric brain tumors.
• Ongoing raffles and fundraising for The Massachusetts Coalition of the Homeless to leverage financial support provided by Hanscom Federal Credit Union. So far $11,000 has been raised by the Foundation, and an additional $20,000 is expected to be raised from a year-end cash raffle. Volunteers also helped build beds as part of a team with Hanscom AFB personnel for the Bed for Every Child initiative.
• A donation of $10,000 to the Crossroads for Kids, an organization that provides support to economically disadvantaged kids in eastern Massachusetts looking to attend college.
• Financial support for the American Cancer Society’s Relay for Life, the Lincoln School Foundation, the Boys and Girls Club of Lawrence, the New England Veterans Liberty House, and the National Credit Union Foundation.

Conrad was pleased to announce that the Alan M. Hart Memorial Charity Golf Classic in September raised over $100,000 for the Home Base program and she thanked the volunteers who worked so hard to make this event a success. The Foundation also gave a $5,000 donation to Purple Heart Homes to help renovate the home of an aging veteran in Bedford.

Conrad concluded the meeting with a message for the supporting members in attendance: “Your help is critical to helping the Foundation bring together new donors and new dollars each year, which offer additional and non-traditional resources to our community,” she said.

About the Hanscom FCU Charitable Foundation, Inc.

The Hanscom FCU Charitable Foundation, Inc., the charitable arm of Hanscom Federal Credit Union, provides resources, primarily financial, to support worthy causes such as veterans’ and military health and wellness, children’s health, and ending homelessness. The Foundation distributes 100% of the proceeds received, with nothing deducted for administrative expenses. Follow Hanscom FCU on Facebook, Instagram, LinkedIn, and Twitter, and check out our MoneyWisdom blog today.

Photo credit (l to r): Bobby Jacques, Advisor, Hanscom FCU Charitable Foundation; Paul Marotta, Chairman of the Board, Hanscom FCU and Hanscom FCU Charitable Foundation Secretary; Teresa Conrad, Chairwoman, Hanscom FCU Charitable Foundation; and David Sprague, President and CEO, Hanscom FCU and Hanscom FCU Charitable Foundation Executive Director.