
Building a Brighter Future Through Endowments


ayton and Sheri Coles saw that opportunity for connection firsthand when they created the Golden Rule Fund, a fund that supports organizations that embody the mission of “do unto others.” The fund was created in recognition of Centre Foundation founder, R. Paul Campbell, with whom Dayton worked as an attorney in State College.
Since it was established, the fund has supported organizations including Discovery Space, Global Connections, and the State College Friends School. Dayton and Sheri now live in California, but the fund creates a lasting connection for them to the place they lived in and loved for many years.
“Our time in State College was a golden time when we raised our kids, began our careers, and then retired from our careers,” Sheri Coles said. “Our time there was really fruitful in many ways and the fund allows us to feel like we left a little footprint in the area. Centre Foundation has always felt very wonderful to both of us.”
Employing the Impact of Investing
The Gordon D. and Alice R. Kissinger Fund in Memory of Jack Kissinger clearly demonstrates the power of Centre Foundation endowments: sustainably creating growth while also supporting the community.
The fund was established in 1993 with a gift of $100,000. Since then, it has grown in value to over $134,000 and as it grew, it continued to provide grants totaling over $129,000 to The Arc. That growth, plus granting, has resulted in the initial $100,000 gift providing over $163,000 of value to the community. And it will continue to grant and grow for years to come.
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Fred’s son, Brian Kissinger, recalls his family’s generosity and humility. “My grandparents did all this to help people with disabilities and my parents did the same,” he said. “They didn’t want anyone to do anything special for them; the intent was always about helping the endowment.” Brian continues their legacy by pitching in behind the scenes for the organizations his family has long supported.

Enhancing Resources for Organizations
Schlow Centre Region Library has seen the power of endowments firsthand. Molly Hetrick, the library’s manager of philanthropy, said that endowments at Centre Foundation are vitally important to the library’s operations and growth.
“When a donor places their money with Centre Foundation and designates it to benefit Schlow Library, it provides a stable base of expected income for budgetary and operational planning,” Hetrick said. “Future programs, event ideas, collection development, and more are impacted by the generosity of these funds.”
Endowment funding has also helped Strawberry Fields meet special and emerging needs that other funding sources do not allow for. Chief Executive Officer, Cindy Pasquinelli, said the organization’s endowments have diversified its income in positive ways and help donors create a lasting commitment to its work.
“Strawberry Fields is extremely grateful to have two endowment funds that benefit our programs through Centre Foundation,” Pasquinelli said. “An endowment gives an organization an opportunity to start a new initiative with funding that has very few limitations. We’ve been the recipient of contributions from many first-time donors who were influenced by the endowments we currently have in place.”

An endowment fund gives an organization an opportunity to start a new initiative with funding that has very few limitations.”