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First Ever Angela and Larry Tollen Family Grant Awarded
Noah Z.M. Goetz Foundation introduces new grant program to assist adopting couples, selects initial recipients
The Noah Z.M. Goetz Foundation Grant Endowment Fund, managed by the Triangle Community Foundation, uses interest gained from the principal as an award. Each grant is $1,000. As the principal grows over time, the Foundation will be able to award more grants. For every dollar donated to the fund, 20% is invested in the principal while the remaining 80% is used for current-year grants.
“Larry and Angela Tollen have been absolutely instrumental in our success and our ability to establish this grant endowment fund,” says Nathaniel Goetz, Vice President and Co-Founder. “Their generous donation helped us reach our goal to open the fund. To honor them, we decided to name the first grant made from that endowment fund after them for the year 2014.”
To date, the Foundation has awarded a total of eight grants, and six couples have successfully adopted children with their help.
About the Noah Z.M. Goetz Foundation
It is estimated that 75% of families that begin the adoption process become discouraged by the lack of emotional, moral, and financial support. The Noah Z.M. Goetz (NZMG) Foundation, founded in 2011, helps couples struggling with infertility fulfill the dream of starting a family by providing education and financial assistance to help them navigate the domestic adoption process.