CENTRAL LOUISIANA COMMUNITY FOUNDATION ANNUAL UPDATE

Alexandria, LA, April 29, 2016– The Central Louisiana Community Foundation recently added new members and officers to its Board of Directors. The all volunteer Board of Directors serve the Central Louisiana Community Foundation to assist the Foundation in its mission to facilitate philanthropy in the 12 parish region through wise giving and prudent investment of donor funds.

The 2016-2017 board officers include:

o   Chairman: Kermit Pharris, Central Louisiana Area President of Capital One Bank

o   Chair Elect: Mike Young, Branch Manager Financial Solutions Group

o   Secretary: Rebecca Alexander, Attorney

o   Treasurer: William S. Wallace, Administrator and CEO, Wallace Eye Surgery

Two new members were also appointed to the Central Louisiana Board of Directors: Jay Lemoine, District Attorney, Grant Parish and Charlie Baker, Retired, Proctor and Gamble. These members will serve in their new capacities through March 2019. Additionally, Chad Soprano, Assistant General Manager, Cenla Broadcasting was re-elected. He will serve a second three year term finishing his service in March 2019.

The Central Louisiana Community Foundation is also pleased to announce that the foundation made grants of over One Million Six Hundred Thousand ($1,600,000.00) Dollars in the Fiscal Year April 1, 2015 to March 31, 2016. Additionally, the Central Louisiana Community Foundation successfully completed its ownership of the Arts Council of Central Louisiana having taken control in December 2012 when it was in financial distress. When the Central Louisiana Community Foundation returned control to the new volunteer board in January 2016, the projected budget called for a operating surplus and left the Arts Council with a net worth of $450,000.00 on their balance sheet. The Central Louisiana Community Foundation is pleased that it was able to assist in the successful rehabilitation of this worthwhile agency and return it back to community control. We look forward to assisting our other partner agencies in similar ways.