COAST CITIES — The Coastal Community Foundation has added the Betty Scalice Foundation as its newest charitable fund. The fund, established through a donation by Scalice of a rental house, was created to enhance music programs for children.
It was a second-grade music teacher who originally inspired Scalice to appreciate music and understand its part in an overall education.
“I’m 87 and I don’t have to save as much for my old age,” Scalice said. “I don’t have to die for this portion of my ‘will’ to be done. I know that the funds are so badly needed now. Through this fund I want to sponsor winning programs that will instill positive messages for coming generations.”
One of the immediate benefits of donating property is the ability to provide a large charitable gift and make a difference now. With such a fund, the donor can make recommendations on grants. An equally important benefit is that capital gains are not taxed if a property is given to charity.
Coastal Community Foundation manages more than $1.5 million in charitable assets in 30 funds. In addition to the Education Plus! Mini Grant program, other funds include programs in mental health, arts, college scholarships, the environment, programs to help women and children, and a wide range of community projects from libraries to lagoons. The foundation primarily serves the north coastal communities of San Diego County.
“I’ve known the locals who began and operate the foundation and in my opinion they are trustworthy and on the ball,” Scalice said.
To learn more about the Coastal Community Foundation or for information regarding establishing a fund, call (760) 942-9245 or visit www.coastalfoundation.org.