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The Triangle Fund
       
 
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The Triangle Fund
 
 
Mission statement: 

The Triangle Fund is a family foundation that supports programs which foster collaborative relationships among families, schools and communities and which provide opportunities and nurturing environments for disadvantaged youth in Steuben, Chemung, and Schyler counties in New York State
Overview: 

The Triangle Fund is a private family foundation that supports efforts to make a difference in the lives of young people.  Since 1994, the Fund has given grant awards to not-for-profit agencies in the Chemung, Schuyler and Steuben Counties of New York State.

The Fund is interested in programs which effectively reach children and youth, especially those demonstrating a strong understanding of the problems and opportunities facing youth in their particular community, and a strong connection between school, community and family.

Though our family, which now includes the seventh generation, lives throughout the United States, our office is located on East Market Street in Corning, New York, where the Fund originated.
Vision: 

The vision of the Triangle Fund is to maximize its impact in the community and to further its family's commitment to providing ongoing philanthropic leadership.
History: 

The Triangle Fund was established in 1993 after a meeting of the Houghton family's sixth generation members.  The meeting was attended by a consultant from The Philanthropic Initiative, a firm in Boston that guides families to think carefully about their charitable giving practices.  In that conversation there arose group sentiment that there could be broad value in coming together around a common cause, particularly as family members were geographically dispersed across the country.  Family members began to articulate a philosophical stance behind a shared philanthropic goal.  From there a small group took up the charge of shaping, in concrete terms, what such an effort might look like.

The tri-county region of New York State was chosen to be the center of this initiative, since the region was home to the family's earliest generations. Members agreed the effort would focus on supporting programs which aid children and youth at-risk and the institutions which support them: the family, school and community.  The Triangle Fund name grew out of this decision.

At first, funds were raised solely from sixth generation family members; later all family members were invited to contribute.  In the first year, without a formal process in place, members of the family visited some agencies in the Corning area and made an initial grant award  of $10,000 to the Corning Area Youth Center.  During the next year, the members of the Fund crafted a mission statement and formulated a Request for Proposals process.  In 1997, the Triangle Fund received non-profit 501(c)3 status, established a Board of Directors and began making grant award decisions annually.  In 2005, the assets of an earlier family fund merged with those of Triangle Fund.  Since 1994, forty-four agencies have received over $2,450,000 in grant awards.

In 2008, an Executive Director was hired and an office was established on East Market Street in Corning, serving as a home base for the Fund. Today, eight members comprise the Board of Directors, each serving a four-year renewable term.


 
 
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