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Tamarac approves $50,000 seed for city 'Community Impact Fund' with Community Foundation of Broward
Summary
The City Commission approved a resolution establishing a Tamarac Community Impact Fund at the Community Foundation of Broward with a $50,000 initial contribution and a 5% annual distribution model; the motion passed 5-0 as amended and is subject to budget timing.
The City Commission of Tamarac on May 28 approved a resolution creating a Tamarac Community Impact Fund at the Community Foundation of Broward and agreed to seed it with $50,000, subject to budget timing. The vote was 5-0 after commissioners accepted a friendly amendment to provide the full $50,000 rather than split payments over two years.
Commissioner Crystal Patterson, who sponsored the item, said the fund could pay for community projects such as a proposed “love” mural tied to an anti-hate/anti-bullying initiative and provide a permanent vehicle for donations and memorials. Jonathan Allen and Sherry Brown Grozner of the Community Foundation of Broward presented the foundation’s structure, saying the foundation manages roughly $300 million in assets and uses a long-term payout model aimed at sustaining funds in perpetuity.
The resolution (agenda item TR 14268) as introduced authorized a $50,000 initial contribution to be budgeted and paid over two years. Commissioners amended the motion so the city would provide the full $50,000 rather than split the contribution; Finance staff and the city manager clarified the timing would be subject to the city’s budget appropriations and the city’s fiscal calendar (the item’s backup referenced December 2025 and December 2026 payment windows in fiscal years 2026 and 2027). Community Foundation staff said the typical annual distribution from such endowments is modeled at about 5% to preserve principal.
Commissioners asked about governance and use of funds. Community Foundation presenters said the city commission would set spending priorities for the Tamarac fund and the foundation would act as steward and grant administrator. Examples cited included community projects, scholarships and an option for memorials. Foundation staff said being an early partner with a fund can make a city more visible to philanthropists and philanthropic opportunities administered through the foundation.
The commission recorded broad support for the concept. Commissioner Marlon Bolton moved the resolution; Commissioner Patterson seconded. After the friendly amendment to seed the full $50,000 (subject to budget approval and timing), the commission voted 5-0 to adopt the resolution as amended.
Commissioners and staff noted the item will be brought through regular budget processes to identify the source and timing of the appropriation. The Community Foundation representatives said the fund can accept future donations from residents, businesses, and developers and that annual reports and financial statements would be provided to the city.
Votes at a glance: Resolution TR 14268 — Establish Tamarac Community Impact Fund at the Community Foundation of Broward (initial contribution $50,000, subject to budget timing): motion by Commissioner Marlon Bolton; second by Commissioner Crystal Patterson; outcome: approved 5-0 as amended.
Provenance (transcript excerpts): "6 A, TR 14268... authorizing the establishment of the city of Tamarac community impact fund at the community foundation of Broward... with an initial contribution of $50,000" (topicintro). "Motion passes 5 to 0 as amended." (topfinish).
