Member and Fund Spotlight
Reed mendelson
As a founding board member in 2000, what was your original vision for the Community Foundation, and how do you feel the Foundation reflects that vision now?
The concept of community foundations was gaining momentum around the country. We were looking to create a flexible vehicle to allow people to pay it forward. And for our area’s nonprofits to use us as an umbrella to save them money and legal expenses. The focus on civic initiatives was able to come later.
Tell us about people or experiences that have influenced your commitment to community.
I don’t have a specific who or what. I have been so blessed by what SWLA has done for me. It is for me a debt I owe: Pay it forward. Lots of caring people setting a good example for me to follow, and my own concern for those who have not been so lucky.
You are a huge supporter of McNeese and the Banners program. What motivates you to support them in creative ways?
McNeese: Other than God’s gift to Lake Charles of deep water (the river), McNeese is our most important asset. As I quote myself, “If Lake Charles didn’t have deep water and McNeese, we would be Eunice.” As for Banners, I was fortunate enough to grow up exposed to the arts. That is why, in some small way, I also support the arts, including the Imperial Calcasieu Museum.
And Banners, it’s special, it provides culture and diverse experiences in a town where (especially the youth) complain about nothing to do in Lake Charles, there are plays and many other Banners events. And it drives people onto the McNeese campus.
Dr. Kedrick Nicholas, interim president of McNeese, at Reed’s annual holiday gathering for clients and community partners.
Reed speaking at his annual holiday gathering.
As a Professional Advisor, what motivates you to guide clients toward philanthropic giving, and how do you see the Community Foundation supporting their long-term goals—particularly in light of your instrumental role in establishing the Wayne Simmons Endowment Fund and the Beverly and David Schalon Endowment Fund?
What stands out to you about these funds or the donors behind them?
As a Certified Financial Planner, I take a total approach to my clients’ goals and desires. My purpose is to give advice on alternatives for those who wish to donate now or create a legacy. The Community Foundation fits nicely into the options.
As for Wayne and Beverly, those are two great examples of individuals who wished on their deaths to pay it forward. We discussed different ways to do that, and this fits best.
This year’s group picture from the Wayne Simmons Memorial Endowment Fund check presentation. Can you spy Reed?
In your view, what makes the Community Foundation a meaningful partner to both donors and advisors?
For donors who wish to support multiple charities conveniently, the Community Foundation Southwest Louisiana is a great vehicle. For advisors, and cpas, and attorneys who do planning, it should be if they are diligent.
Since you use a Donor Advised Fund, what do you want others to know about its ease of use?
I cross into both worlds. I created the fund to support children’s causes both now and forever. This fund allows me in any particular year to make multiple donations from one place to different charities, or none at all in a particular year, and let the fund grow. For example, for the last few years, I have made no grants because I have, for tax reasons, funded my causes out of other funds. All part of client planning (including myself 😊)
Additionally, when I pass, hopefully not too soon, this fund will receive an additional sum, and the children’s causes can be chosen by the Community Foundation as the needs are determined.