A Collective Impact of Over $3,000,000 to Our Local Communities
As Torch continues to grow, so does our corporate charitable giving. We structured our corporate giving into two levels: the Corporate Charitable Giving Committee, and large corporate commitments. Our Corporate Charitable Giving Committee, a voluntary committee of employee-owners, meets quarterly to review all applicable charitable requests and provide recommendations. Our Corporate Charitable Giving Committee receives and recommends charitable requests for those organizations that do not meet the requirements for a Torch Helps grant. Torch has supported organizations including Still Serving Veterans, Junior Achievement, the Huntsville Art League, the Huntsville/Madison County Veterans Park, Early Works Family Museum, Cooks Natural History Museum, Christmas Charities Year-Round, the National Association of Black Engineers, and many, many more.
Torch regularly commits to large corporate donations in support of our local communities, in addition to the funds granted by the Corporate Charitable Giving Committee. These commitments are made as long-term investments in our communities. Some of the recent large corporate commitments include: a local library campaign, the Huntsville Madison County Veterans Memorial, the Madison County Military Heritage Commission,Early Works Children’s Museum, the Community Foundation of Greater Huntsville’s Summer Adventures in Learning program, and the Community Foundation of Greater Huntsville’s CAP & GOWN Project.
Torch also encourages community involvement through our sponsorship and participation in events including local Heart Walks for the American Heart Association, runs for breast cancer, the ALS Walk, academic competitions, robotics teams, and more.
Further, we coordinate an annual golf tournament that benefits a local charity, The Village of Promise, and we use this employee morale event to give back to our community. This fun event for our employee-owners, customers, and friends is not only a great employee morale event, but also a fun way to give back to our community. Last year, through our 7th annual golf tournament that hosted 180 players, we donated $35k to The Village of Promise and helped children of all ages receive support to help them achieve educational success- from early childhood in their Infant University program to college and beyond.
Torch recently celebrated our 15th anniversary in September 2017, and to recognize both Torch’s success and the nonprofit organizations in our communities for the great work that they do, we held a special grant presentation to give $15,000 grants to 15 nonprofit organizations. Early Works Museums, Downtown Rescue Mission, HEALS, Huntsville Hospital Foundation, Kids to Love, Community Foundation of Greater Huntsville, Boys & Girls Club, Still Serving Veterans, The ARC, the Community Foundation Cap & Gown Fund, Semper Fi Task Force, the American Cancer Society, the American Heart Association, the ALS Association of Alabama, and the American Red Cross. In addition, Torch Helps, Torch’s 501(c)3 which is completely funded by and governed by Torch employee-owners, awarded this quarter’s grants with a special presentation of $15,000 each to four nonprofit organizations selected by employee-owners. Those nonprofit organizations included: 305 8th Street, Community Free Clinic, New Hope Children’s Clinic, and Corpus Christi Hope House. Lastly, Freedom Real Estate & Capital, Torch’s sister company, awarded a grant of $15,000 to the Community Foundation “256” Fund. These donations totaled $300k to our communities’ nonprofit organizations. Torch has collectively contributed over $3 million to our local communities.
The Community Catalyst Fund
Torch Technologies has committed to the Community Foundation of Greater Huntsville to provide the inaugural leadership gift and be the “Torchbearer” founding contributor to the CF’s Catalyst Fund. The Community Catalyst Fund (CCF) is an investment in the quality of life in Huntsville/Madison County. More about the fund is included below. Torch’s commitment of $150,000 helped the CF provide matching funds and momentum in raising the $1M required to endow the fund, which will allow a continuing positive impact on our community in perpetuity.
CCF is an investment in the quality of life in Huntsville/Madison County.
Helping Today: The CCF will invest to help solve critical, short-term problems in the Community by directly funding one or more nonprofit Agencies involved in the specific area of need. Examples: Education; Human Services; Disaster Relief (but not limited to these fields of interest)
Shaping Tomorrow: Based on the outcome of the “Community Vital Signs” project of the Community Foundation of Greater Huntsville, strategic, visionary projects which will have a significant and sustainable impact on quality of life in the Community will be identified and prioritized. The Board of the Community Foundation of Greater Huntsville will select project(s) to be undertaken each year, and the selected project(s) will be led by the Community Foundation of Greater Huntsville. Seed funding from the CCF will be leveraged with other public and/or private funding sources to meet project funding requirements. A project team will be assembled from nonprofit agencies and possibly local government agencies to collaboratively execute the project. The goal is to ‘move the needle’ on measurable community health indicators as determined by the Vital Signs project.
Torch makes a $150,000 to the Community Foundation Catalyst Fund.