In 2003, Libby Lent wrote a letter Pasadena Community Foundation’s then-new Executive Director, Jennifer DeVoll. Libby had enclosed a check and thanked Jennifer for the opportunity to become a Fellow. She went on to say that PCF was “mentioned in her estate plan.” Ten years later, in 2013, Libby passed away at the age of 99. Her bequest to PCF has become the Elizabeth Lent Endowment, which will contribute to PCF’s local grants, creating a legacy for the place Libby called home for over 50 years.
THE POWER OF ENDOWMENT
Endowments are the cornerstone of PCF’s mission to build hometown legacies. The corpus of each endowed fund is invested with PCF’s portfolio for long-term growth. Each year, the endowments generate the funds that support PCF’s local grantmaking, which enriches the arts community, protects our environment, provides health care and critical social services, and bolsters public education in Pasadena. Endowments are permanent legacies for our community; these funds will continue to grow and provide philanthropic support forever. Learn more about creating an endowment at PCF.
Created 2016