How IT works
Harry Hamilton Foundation (HHF) was formed with 8 Trustees which initially include Harry’s son, several colleagues, business partners, Triangle Club trustees and Harry’s admirers. Peter Cummings is the lead Trustee and the designated signee for the Foundation. Funds raised by The HHF are housed at and managed by The Community Foundation of Palm Beach and Martin Counties, an IRS recognized 501-(c)3. Your donation to the Harry Hamilton Foundation is tax deductible to the full amount allowed in the year of receipt.
At the Community Foundation we have created two investment entities. One is a permanent endowment from which only income may be disbursed. The other is a ‘liquid’ fund from which HFF intends to distribute proceeds for the maintenance and improvement of the building housing The Triangle Club.
Our initial goal is to raise $250,000. Half of this amount will be distributed to the Club to fund pre-specified projects, mostly deferred maintenance. HHF will request a detailed list of those projects and will reserve the right to fund only those projects which the Foundation approves. The subsequent goal is to raise enough to cover the annual capital expenditure budget. Goal of this Phase Two is to raise funds to support an annual capital donation to the Club in the $30,000 to $50,000 range, and amount which the Club would typically spend on Capital projects.
You may donate by writing a check to The Harry Hamilton Foundation, or sending funds directly to The Community Foundation for the benefit of The Harry Hamilton Foundation. We will be pleased to help facilitate this donation and to provide the appropriate receipt for tax purposes. You may also make a pledge to provide annual donations to the fund over a period of years.