A Collective Impact of Over $2,000,000 to Our Local Communities
As Torch continues to grow, so does our corporate charitable giving. Our Corporate Charitable Giving Committee 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. In September of 2017, to celebrate Torch’s 15th anniversary, Torch held a special grant presentation to grant 15 local non-profit organizations with $15,000 grants. Torch also committed to a large corporate charitable gift of $150,000 to the Huntsville Community Foundation as the Torchbearer founding contributor to the Community Catalyst Fund. Torch also recently gave $25,000 to a local library campaign. With a match from the Huntsville Community Foundation, Torch gave $10,000 to local organization CAP & GOWN Project for a total donation of $20,000 to help underrepresented students achieve their goal of attending college. Torch has supported organizations including Still Serving Veterans, Junior Achievement, the Huntsville Art League, Christmas Charities Year-Round, the National Association of Black Engineers, and many, many more. Torch encourages community involvement through our sponsorship and participation in events including local Heart Walks, 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. Torch has collectively contributed over $2 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.