Why does Bexley Need a Community Foundation?
The City of Bexley is one of Columbus’ “first ring” suburbs. That is, Bexley is land-locked by other municipalities, with no opportunity for future physical growth – or the additional tax revenues such growth could provide. Because community needs exceed local tax resources, increased private giving is necessary to preserve the Bexley experience for generations to come.
Bexley residents have always had a strong tradition of giving, but lacked an organization singularly focused on linking their charitable resources with community needs. The city also needed a single entity to maximize the potential impact of Bexley’s extraordinary assets – citizen, governmental, educational, business and non-profit.
On March 20, 1999, five families established the Bexley Heritage Fund at the Columbus Foundation with $50,000. The purpose of the Heritage Fund was to identify community needs that, in all likelihood, could not otherwise be funded, and provide seed money to initiate projects and programs to enhance Bexley.
Then, in 2009, the Heritage Fund board initiated plans to expand the impact of private giving in Bexley by creating a more broadly based community foundation. On July 30, 2010, the Bexley Community Foundation was granted tax-exempt status as a 501(c)(3) charitable organization, and received the transferred assets of the Heritage Fund.