PORT CLYDE STRONG

In response to the many requests from the community, the St. George Community Development Corporation has established the Port Clyde Strong Fund. Falling under our Community Good program, the Port Clyde Strong Fund is a restricted fund that will be disbursed to meet the needs of those St. George neighbors and businesses impacted by the tragic fires on the Port Clyde waterfront. A committee of involved community members and the Community Development Board of Directors will review and approve all distribution of funds. This fund will remain open for three years (closing in October of 2026) at which time all remaining proceeds will be turned over to the St. George Volunteer Fire Department or, in the event they are no longer a volunteer service, the committee along with the Community Development Board of Directors will vote on where the remaining funds will best support the community. Through these collective efforts, our community can begin to heal and rebuild, transforming tragedy into a symbol of hope and unity.

Under federal law, the Community Development Corporation must be given full control and authority over the use of donated funds, and donors may not earmark funds for the benefit of a particular individual or family. The Community Development Corporation is responsible for taking into account the charitable purposes for which it was formed, the public benefit of its activities, and the specific needs and resources of each applicant when using its discretion to distribute funds.

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Acceptance of any contribution, gift or grant is at the discretion of the St. George Community Development Corporation. The St. George Community Development Corporation will not accept any gift unless it can be used or expended consistently with the purpose and mission of the St. George Community Development Corporation.

No irrevocable gift, whether outright or life-income in character, will be accepted if under any reasonable set of circumstances the gift would jeopardize the donor’s financial security.

The St. George Community Development Corporation will refrain from providing advice about the tax or other treatment of gifts and will encourage donors to seek guidance from their own professional advisers to assist them in the process of making their donation.

The St. George Community Development Corporation will accept donations of cash or publicly traded securities. Gifts of in-kind services will be accepted at the discretion of the St. George Community Development Corporation.

Certain other gifts, real property, personal property, in-kind gifts, non-liquid securities, and contributions whose sources are not transparent or whose use is restricted in some manner, must be reviewed prior to acceptance due to the special obligations raised or liabilities they may pose for St. George Community Development Corporation.

The St. George Community Development Corporation will provide acknowledgments to donors meeting tax requirements for property received by the charity as a gift. However, except for gifts of cash and publicly traded securities, no value shall be ascribed to any receipt or other form of substantiation of a gift received by St. George Community Development Corporation.

The St. George Community Development Corporation will respect the intent of the donor relating to gifts for restricted purposes and those relating to the desire to remain anonymous. With respect to anonymous gifts, the St. George Community Development Corporation will restrict information about the donor to only those staff members with a need to know.

The St. George Community Development Corporation will not compensate, whether through commissions, finders' fees, or other means, any third party for directing a gift or a donor to the St. George Community Development Corporation.

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