Community Foundation, Torch Technologies announce endowment fund

Huntsville Mayor Tommy Battle, Torch Technologies Chairman/CEO Bill Roark, Community Foundation CEO/President Stuart Obermann and numerous employees attended the announcement for the Community Catalyst Fund. (CONTRIBUTED)
Huntsville Mayor Tommy Battle, Torch Technologies Chairman/CEO Bill Roark, Community Foundation CEO/President Stuart Obermann and numerous employees attended the announcement for the Community Catalyst Fund. (CONTRIBUTED)

HUNTSVILLE – The Community Foundation of Huntsville/Madison County and Torch Technologies have created a new endowment fund that will provide a perpetual source of grants for improving qualify of life in Huntsville and Madison County.

Unrestricted gifts will fund the Community Catalyst Fund that will allow the Community Foundation to make annual grants to local improvements.

“This new fund will allow our foundation to become an active grant maker in our community,” Stuart Obermann, Community Foundation CEO/President, said. The foundation board and staff will “make and manage strategic philanthropic investments for a positive impact for everyone living in the greater Huntsville area.”

The board’s Community Impact Committee will assess needs in the region and then prioritize and fund strategic projects that solve real problems, Obermann said.

Torch Technologies has provided the inaugural leadership gift to open the fund and has been named Torchbearer Sponsor. Torch donated $50,000 to jump-start the fund and is offering $100,000 more as a challenge grant to match other corporate and individual gifts to the Catalyst Fund.

“We have been looking for the right opportunity for Torch to make a ‘signature’ type of commitment, one that would have a long-lasting positive impact on our community,” Torch Chairman/CEO Bill Roark said.

The Community Foundation’s mission is to serve as trustee of the community’s future, fostering philanthropy and mobilizing partners, while striving for an exceptional quality of life both today and tomorrow.

In its fifth year, the foundation has raised or managed more than $13.6 million in charitable donations and has distributed $3.4 million to non-profit agencies, churches and schools.

Founded in 2002, Torch Technologies is an employee-owned small business that provides technical services. Torch won the Better Business Bureau’s Torch Award for business ethics in North Alabama in 2005 and 2009, along with being a finalist in 2007.

For more information about the Community Foundation of Huntsville/Madison County, call 256-535-2066, email to stuart@communityfoundationhsv.org or visit communityfoundationhsv.org.

Bob Jones High School

CMSgt. Ellis Clark awarded title of Drill Master

Events

Huntsville Botanical Garden and UAH partner for Shakespeare in the Garden

Madison

Chess league honors Epling as ‘Coach of the Year’

Harvest

Luna Koi to bring its vibe to ‘Sounds of Summer’

Bob Jones High School

Seeing students as rewards, Word selected Midtown’s ‘Teacher of the Year’

Huntsville

Pre-K Center selects Parameswaran as top teacher

Discovery Middle School

Robotics team, Say Watt!?!, takes FIRST LEGO awards in California

Harvest

TARCOG lands $1.5-million grant from EPA for cleanup

FRONT PAGE FEATURED

Mental Skills Coach Assists Team To National Championship Game- Roger Kitchen Builds Character

Bob Jones High School

Journey welcomes Ben Smith as Assistant Principal, Athletic Director

Madison

Chandrakasem, Koswoski excel in DAR essay contests

Harvest

American Legion, VFW to retire flags on Flag Day

Madison

Stundtner proves skills as Midtown’s ‘Staff Member of the Year’

James Clemens High School

Guo, Mysore, Saha dominate awards at regional, state science fairs

Harvest

Madison Hospital names Brandon Jones ‘Employee of the Year’

Bob Jones High School

MCS to present ‘Youth Mental Health First Aid’ sessions

Digital Version

Digital version of The Madison Record – June 12, 2024

Events

Annual Juneteenth Festival returns to Big Spring Park Saturday

Bob Jones High School

Braden Booth Named Mr. Baseball, Super All-State, Class 7A All-State

Harvest

Low-key races (on foot and couch) pivotal for Rotary’s ‘Parrots 0.5K’

Bob Jones High School

Mill Creek names Deberry as outstanding staff employee

Bob Jones High School

Madison Public Library readies for Summer Reading experience

James Clemens High School

Moore honored as ‘Staff Member of the Year’ at James Clemens

Harvest

Madison City Community Orchestra to honor D-Day’s 80th anniversary

x