FOR IMMEDIATE RELEASE 10/25/2016 Contact: Kathlyn Terry Executive Director 276-623-1121   kterry@asdevelop.org

 

 

Appalachian Sustainable Development (ASD) partners with East Tennessee Foundation to create organizational endowment.

Abingdon, Virginia, October 25, 2016 – Appalachian Sustainable Development (ASD), a local nonprofit committed to transitioning Appalachia by supporting local agriculture, exploring new economic opportunities, and connecting people to healthy food, has partnered with East Tennessee Foundation to create the Appalachian Sustainable Development Endowment.

Jake Harris, ASD Board Chair and Vice President at Citizen’s Bank explains, “Our board believes in ASD’s work. We are changing the rural communities we work in by creating jobs in agriculture and that’s economic development. We are addressing food insecurity and that impacts health. Over the last 5 years, we have deepened and increased local and regional collaborations in an attempt to have greater collective impact. There is growing interest in our work as a growing number of people understand and value the solutions we provide to generational issues in Appalachia. As a board, we have a responsibility to plan for ASD’s future so that our work continues. As part of ASD’s financial strategy, we decided the time was right to create the endowment. An endowment offers donors another opportunity for philanthropic giving with confidence in knowing that we plan to be around for many years to come.”

Gifts to the Appalachian Sustainable Development Endowment can be made

directly to ASD, by contacting Sylvia Crum, Director of Communications and Development at scrum@asdevelop.org or call (276) 623-1121, or through East Tennessee Foundation by contacting Trudy Hughes, Director of Regional

Advancement, thughes@etf.org and (877) 524-1223. Philanthropy doesn’t require

great wealth-anyone can donate gifts of any size. Donations can consist of almost

any asset of value such as real estate, cash, retirement assets, tangible personal property, life insurance policies, etc. And most gifts qualify for the maximum tax advantages.

Michael McClamroch, CEO & President, East Tennessee Foundation adds, “It is our honor and privilege to partner with ASD. We believe that working collaboratively encourages thoughtful giving and that helps create stronger communities and improve lives.”

About East Tennessee Foundation

East Tennessee Foundation (ETF) is a public, nonprofit, community foundation created by and for the people of East Tennessee, where many donors join together to make the region they love a better place, today and for future generations. A wide variety of assets in any amount can be accepted to serve almost any charitable purpose. ETF is a collection of hundreds of individual charitable funds and supporting foundations established by individuals, families, businesses, and other nonprofits and foundations. ETF works to build endowment, a permanent source of philanthropic funding for the East Tennessee region, help donors plan and carry out charitable giving in their communities, the region and across the country and works in partnership with fund holders, nonprofits, other foundations and local governments, bringing a consistent voice of leadership to critical issues affecting the region.

For more information, visit www.easttennesseefoundation.org.

About Appalachian Sustainable Development

Appalachian Sustainable Development is a 501 c(3) dedicated to its mission to transition Appalachia to a more resilient economy and a healthier population by supporting local agriculture, exploring new economic opportunities and connecting people with healthy food. Since 1995, ASD has been serving northeast Tennessee and southwest Virginia. As ASD’s work continues, it will expand its focus to include regional partnerships that build important connections to increase market access and bring necessary resources to the rural communities in its physical footprint. ASD operates programs in sustainable agriculture/food system development and food access.

For more information, visit www.asdevelop.org, Facebook or Twitter.

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