The FAQ
All The Other Things
What is The New Chesapeake Men for Progress Education Foundation, Inc.?
The New Chesapeake Men for Progress Education Foundation, Inc., is a voluntary nonprofit charity that provide scholarships, school supplies grants, and support mentoring initiatives to Chesapeake minority youth. As a public charity, we have provided more than $127,000 in scholarships and grants since in 2010-2011. The Foundation was established January 21, 2010 as a 501 (C ) (3 ) charitable corporation by members of The New Chesapeake men for Progress Inc. as a philanthropic instrument to provide funding for scholarship, mentoring, and supplies for needy children.
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How do the Foundation funds work?
All funds are used exclusively for charitable purposes to provide scholarships and grants to students and other nonprofits. Funds share a modest administrative cost which is generally less than 3%.
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What geographic areas does the Foundation Serve?
The Foundation focuses primarily on youth in the City of Chesapeake.
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Who governs the Foundation?
A ten member Board of Directors governs the Foundation and approves all scholarships, grants and donations as well as the overall distribution of funds.
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How do I make a gift to the Foundation?
You can make a gift of any size today or into the future to the Foundation by calling 757-650-0174. The Foundation accepts cash (currency, coins, checks, money orders, bank drafts, etc), securities (bonds, stocks, etc), non-cash gifts, real property, inventions, patents and copyrights, life insurance, wills, bequests, and devices. If you donate $20,000 or more you can create a named fund and specify the purpose. Smaller gifts are added to the Foundation's general asset fund for scholarships, grant making, and other charitable donations.
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What types of funds can be established?
The Foundation offers a variety of simple options including:
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- Current Fund-donations to be used over a non-specific time period.
- Endowed Fund-fund in which the principal is invested, and only the interest is available for distribution.
- Deferred-funds are used at a later date. This applies primarily to gifts as a result of estate planning.
How does the Foundation benefit the community?
We award scholarships to deserving and qualified high school graduates to offset the cost of their education, and support mentoring program that assist students in improving their education, and chances for a successful life. The Foundation sponsors programs that educate the community, provide cultural and recreational activities that youth and adults in the community participate.
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What programs do the Foundation provide in the community?
Annually, the Foundation sponsors its Black Male Achievement and Scholarship Breakfast Awards program , Annual Sponsors Recognition Reception, and Black Tie Scholarship Gala. These programs provide fund for the Foundation.
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What is the vision of the Foundation?
The Foundation's vision is to improve the social, educational, and economic prospect of youth and adults in Hampton Roads.
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How is the work of the Foundation carried out?
The work of the foundation is performed through it various committees which include:
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- Publiciy and Media
- Ways and Means
- Public Information
- Development and Grants
- Education and Scholarships
- Budget and Finance
- Nominations
- Audit
- Membership
- Hospitality and Courtesy
How can I become a member of the Foundation?
You can become a member of the foundation by downloading the Membership Application, complete it, and enclose a check for $60.00 and mail it to The New Chesapeake Men for Progress Educational Foundation, Inc. and mail it to: P.O. Box 1262, Chesapeake, Virginia 23327.
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Why should I support The New Chesapeake men for Progress Education, Inc foundation?
It is important that our youth succeed because they are the foundation of a strong neighborhood and community. Many minority students need assistance with the high cost of education and your supports makes it possible to assist many of them as well as provide a tax saving benefit to you. In our view, corporation that benefit economically from citizens as consumers have a social responsibility to contribute to improving the community from which they benefit.
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