Pictured from left are Alderman Ron Sill, Mayor Anthony Staffieri, Valley Community Foundation President and CEO James E. Cohen, Superintendent of Schools Stephen Tracy, and former tax board member Mark Nichols. / Contributed photo
DERBY — Representatives of the Derby Community Endowment and the Valley Community Foundation on Friday signed the agreement that establishes the endowment.
The fund was created by residents to benefit the schools and city beautification projects. An organizing committee of residents and city leaders has been meeting for a few months to put together the agreement with the Valley Community Foundation.
Each year, a percentage of the fund will be allocated to three purposes: scholarship or award to city student; nonrecurring education expense that benefits students in the public schools; municipal beautification or capital projects that would otherwise not be funded.
The fund’s kickoff event will be held 6:30-9:30 p.m. May 12 at Grassy Hill Lodge, 77 Sodom Lane. Tickets are $50.
The event will include a raffle, a commemorative book, appetizers, entertainment, and a retrospective of the “History of Giving.”
For more details, call Mark Nichols, 203-732-0630, or go to Derby Community Endowment on Facebook.
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