Tower Family Foundation Highlights Financial Stewardship

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The Tower Family Foundation, a 501(c)(3) non-profit, pointed out the organization’s strong financial management and stewardship track record in an announcement.

The Tower Family Foundation’s administrative expenses for the year ending December 31, 2017, as a percentage of total revenue, were 2.73 percent, according to certified public accounting firm Vilhauer, Raml & Snyder, LP. The firm conducted its report in accordance with standards established by the American Institute of Certified Public Accountants.

“The Tower Family Foundation continues to be steadfastly devoted to fulfilling its core mission by providing both immediate financial assistance and scholarship funds to eligible industry workers and their families during times of need,” stated Tower Family Foundation Advisory Committee member Victor Drouin from Green Mountain Communications, Inc. in Pembroke, New Hampshire. “This independent accounting calculation shines a spotlight on the fact that over 97 cents of every dollar sent to the Tower Family Foundation goes directly to eligible benefactors. You would be hard-pressed to find a non-profit organization anywhere in the country that operates with administrative expenses this lean,” added Drouin.

The foundation also released its 2017 annual report that can be accessed here. The foundation was established to help provide financial assistance to family members of a tower worker who was injured or killed on-the-job.

Contributions can be made to the Foundation via credit card or check.

  • To pay online by credit card, click on the “Donate” button here. Fill out all of the required fields and press the “submit” button.
  • To pay by check, print out the foundation donor form here. Complete the donor form and submit the form with a check. Make the check out to the Tower Family Foundation and mail it to: Tower Industry Family Support Charitable Foundation, 8 Second Street SE, Watertown, SD 57201

June 22, 2018

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