Bath Community Fund History
On June 17, 2014, a small group of Bath residents took the first step in creating an enduring source of support for the Bath community.
|The fund's founding donors and advisory board members play an integral role in creating a lasting legacy for Bath.
Together, seven couples collectively donated $10,000 to start the fund, which would support the community they live in and love. It was the culmination of years of talks and planning.
"There had been discussions about creating a community fund in Bath for years, and a group of us started researching what it would take to start a fund,” said Nadine Clar, president of the Bath Homeowners Association and a member of Bath Community Fund’s advisory board.
They soon decided that becoming an affiliate of Akron Community Foundation was the best way to protect and grow the fund’s assets.
“Our research showed that endowment funds at Akron Community Foundation generate a predictable stream of income,” said Dr. Robert Hemphill, a fund advisory board member. “The community foundation offers us the flexibility to meet immediate needs in Bath while ensuring the fund’s assets are always preserved for our long-term mission.”
The decision to create the fund was influenced by a number of factors, including statewide changes in inheritance tax regulations. These changes eliminated a revenue stream – which sometimes totaled hundreds of thousands of dollars annually – that had historically been used to benefit the community, whether through the purchase of safety equipment or retiring bonds early. By establishing an endowment fund, the founders were able to create a consistent source of support for the Bath community that will last forever.
A second motivating factor in their decision came in November 2013, after the death of one of Bath’s most dedicated and beloved residents, Susie Wyatt.
“No one was more a part of Bath than Susie, whose life well lived in this community was a true legacy of family and community service, from her involvement in the Bath Pony Club and Bath Horse Show, to Bath Volunteers for Service and the Bath Country Journal,” said Jody Miller Konstand, BCF advisory board chair. “Bath Community Fund is a way that we can build on the kind of legacy that Susie embodied and championed.”
Bath Community Fund was inspired by another endowment fund at Akron Community Foundation that also got its start in Bath. The Women’s Endowment Fund, which was co-founded in 1993 by Bath resident Marie Covington, was created when 106 forward-thinking women donated $1,000 each to start a fund that would inspire, empower, educate and strengthen Summit County’s women and girls.
“We wanted to do something similar for the benefit of our own community that we live in and love,” Konstand said.
One year and one day after it was established, Bath Community Fund reached the initial $250,000 goal of its "For Bath, Forever" campaign. Fund leaders are now working toward raising $2.018 million by Bath's bicentennial in 2018. To contribute, contact Jody Miller Konstand, advisory board chair, or give online.