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LVCF Annual Report 2023-24 | The Power of Philanthropy

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Message from the Board Chair and President & CEO

The Power of Philanthropy—The fiscal year 2023-24 has been a testament to the incredible power of philanthropy and the enduring impact we can achieve when we come together as a community. Thanks to the dedication of our Staff, the leadership of our Board of Governors, and the commitment of our generous donors and partners, the Foundation continues to thrive as a catalyst for positive change in the Lehigh Valley.

This year, we embraced the power of connection in new and meaningful ways. We are proud to highlight our role in addressing the childcare challenges in the Lehigh Valley. We are going beyond strategic grantmaking to address the early childhood crisis by implementing a multifaceted leadership approach that includes coordination of activities, increasing awareness, and advocating for change. Philanthropy is about harnessing collective energy to create lasting change, and this work exemplifies that mission.

At the heart of all we do is the meaningful effort of connecting people who care to causes that matter. This year, we received $7.2 million in charitable gifts, a reflection of the shared passion and generosity of our community. We also distributed a total of $8.1 million in grants and community support, with more than 85% staying within the Lehigh Valley, demonstrating our unwavering commitment to strengthening the region we call home.

We invite you to explore this year’s annual report and discover the stories of impact and innovation that define our work. Share these stories with friends, family, and neighbors, and encourage others to join us in harnessing the power of philanthropy to transform lives and communities.

To our donors, partners, and advocates, we offer our deepest gratitude. Your belief in the power of giving fuels everything we do. Together, we are building a brighter future, one gift at a time.

With deepest appreciation and gratitude,

Anne Reid, Board Chair and Eirka Riddle Petrozelli, President and CEO, Lehigh Valley Community Foundaiton

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Financials of the Foundation

The financial management of the Lehigh Valley Community Foundation is governed by the long-term vision of the Foundation’s permanence as well as its ongoing prudence in the investment and management of its diverse funds. IRS Form 990 is an informational tax form that most tax-exempt organizations must file annually. The form gives the IRS an overview of the organization’s activities, governance and detailed financial information.