Media Release – Friday December 7, 2007

Jaltemba Foundation in the Works

A working committee announced today plans to create the Jaltemba Foundation and wants to share this information with the public. The Committee is inviting the public to attend an Information Session poolside at Hacienda Del Mar, Av Sol Nuevo #39, Rincon de Guayabitos (beside the Bridge for Life) on Monday December 10^th at 10am. Coffee will be served. A short presentation will be followed by their regular weekly meeting. 

 “We are very excited about the creating a lasting legacy for the community,” says Dorothy Bell one of the founding members. “We have big plans and are diligently working towards setting up the legal and accounting frameworks in Mexico, Canada and the US to make this a reality.”

The committee formed in early September and agreed that one of the main objectives of the Jaltemba Community Foundation will be to assist sustainable projects through an endowment. Sue Moss, one of the lead organizers emphasizes that the Jaltemba Foundation is being organized for charitable and educational purposes and that the committee is developing it in a transparent and legal manner. “We want to help support innovative and visionary projects,” says Moss “and to do that we are creating the legal body that will have the proper accounting checks and balances for the government and for the community we serve.”

Currently the committee has developed a mission statement and bylaws to be the core of the Mexico, Canadian and US foundation requirements. They have short-listed potential lawyers and accountants and they have the funds available to work their way through the labyrinth of paperwork. Ken Snyder, one of the lead proponents of a tri-country organization, is working with a group of accounting experts to help co-ordinate the framework. “We intend to make gift giving to our area tax deductable in each of the three countries and have the ability to apply and receive funds for specific projects from private, corporate and government sources. Individuals and loose-knit organizations just don’t have the capabilities.”

The committee believes the Foundation will not compete with or replace existing organizations already in place. “There are wonderful individuals and organizations that are doing a great job in the community” says Bell. “We want to work with them and be able to facilitate methods to raise even more funds from outside sources for our community.”

RSVP via Email: shmoss@mac.com