Giving Back Through a Life in Pasadena
“Alan and I quickly fell in love with Pasadena,” said Sheila. “It’s grown a great deal, but it still has a small community feel. We have been here for so long that I still remember driving to Westwood to find a decent place to eat, and it only took 15 minutes to drive there!”
Alan and Sheila are both actively involved in the community. Alan is on the board of the PCC Retirees’ Association, raising funds for returning students. Sheila is on the Board of A Noise Within, which produces world-class performances of classical theater and runs a remarkable education program. “We are grateful for what we have at this stage of our lives, and it’s important to give back,” said Sheila.
In 2019, Alan and Sheila decided to sell the income property they purchased in 1986. However, they were concerned about how capital gains taxes would affect their profit from the sale, and wanted to maintain the monthly income the property provided. Their solution? Donate the property to Pasadena Community Foundation. The sale of their property funded a Charitable Gift Annuity, which provides the retired couple with income for life. Gifts of real estate can also be directed to donor-advised funds, endowment or scholarship funds, and more, according to the donor’s wishes and philanthropic goals.
Grantmaking Impact
Through this fund, PCF has been able to
- Provide sustained and flexible funding
- Offer consistent financial support for our local grantmaking programs throughout Greater Pasadena
- Enhance community programs
- Empower organizations to expand their services and reach more individuals in need
- Direct resources when and where they are needed most, respond quickly to emerging needs, and fill funding gaps that restricted gifts can’t cover.
Contact Us
For more information about PCF giving opportunities, please contact
Pasadena Community Foundation
301 E. Colorado Blvd., Suite 810
Pasadena, CA., 91101
626.796.2097
pcfstaff@pasadenacf.org
