The Pembroke Charity
What is it?
The Pembroke Charity is a non-profit corporation whose sole purpose is to contribute to non-profit, tax-exempt organizations located in the eastern district of Giles and southern end of Craig Counties.
The Pembroke Charity is a non-profit corporation whose sole purpose is to contribute to non-profit, tax-exempt organizations located in the eastern district of Giles and southern end of Craig Counties.
Who is it?
The directors of the charity consist of the Mayor of Pembroke, the Eastern District of Giles Supervisor, the Giles Circuit Court Clerk and two representatives of Pembroke Telephone Cooperative.
The directors of the charity consist of the Mayor of Pembroke, the Eastern District of Giles Supervisor, the Giles Circuit Court Clerk and two representatives of Pembroke Telephone Cooperative.
Where does the money come from?
The Charity received, as a gift from Pembroke Telephone Cooperative, ownership of a limited partners’ interest in a cellular telephone franchise in the Martinsville-Bedford area. The Charity subsequently sold the interest to the general partner. Proceeds from this sale are held in local banks and interest from these deposits are distributed as contributions. In addition, the Charity from time to time receives memorials from individuals and companies. This way memorials can be disbursed to several organizations in the area in contrast to a specific organization.
The Charity received, as a gift from Pembroke Telephone Cooperative, ownership of a limited partners’ interest in a cellular telephone franchise in the Martinsville-Bedford area. The Charity subsequently sold the interest to the general partner. Proceeds from this sale are held in local banks and interest from these deposits are distributed as contributions. In addition, the Charity from time to time receives memorials from individuals and companies. This way memorials can be disbursed to several organizations in the area in contrast to a specific organization.
How are allocations decided?
In April and October of each year the directors meet to discuss and make allocations based on applications. The applications are reviewed by the Board. Based on financial need and order of importance, contribution amounts are decided.
In April and October of each year the directors meet to discuss and make allocations based on applications. The applications are reviewed by the Board. Based on financial need and order of importance, contribution amounts are decided.
How does an organization apply?
Simply stop by or call the Pembroke Telephone Cooperative to receive an application. The Cooperative handles the day-to-day affairs of the Charity under a contractual agreement or click on the link below to view or print the online form.
Simply stop by or call the Pembroke Telephone Cooperative to receive an application. The Cooperative handles the day-to-day affairs of the Charity under a contractual agreement or click on the link below to view or print the online form.
|