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WISE Gets $50,000 Gift To Start Fund

Sunday, November 16, 2014
Lebanon — WISE has established a new Board Designated Endowment Fund using an initial gift of $50,000 to seed the fund from an anonymous donor.

Peggy O’Neil, WISE’s executive director, said the fund strengthens the agency’s ability to fully respond to the needs of Upper Valley survivors of domestic and sexual violence and to expand its education and prevention programs.

The endowment fund will be used to create “a reliable, long-term stream of revenue to help support WISE’s ongoing efforts to remain a stable and strong organization for many years to come,” Pat Palmiotto, board president, said in a recent news release from the Lebanon-based nonprofit.

The board has elected an investment committee to manage the fund. The committee members include Valerie Nevel, senior financial adviser at Ledyard Financial Advisors; Gretchen Rittenhouse, affordable housing analyst at Vermont Housing and Conservation Board; Julie LeBlanc, WISE’s finance director; Heather Huff, director of investment operations for the Dartmouth College Investment Office; and JT Underwood, chief investment strategist at Ledyard Financial Advisors.

“We are excited to have this great team of qualified professionals managing the endowment and we are grateful to the anonymous donor who provided the seed money to start the endowment,” said Nevel, the committee’s chairwoman, who also serves on the WISE board.

Nevel has more than 25 years of experience in taxation, banking and wealth management services, and has served as a member of the board of directors for West Central Behavioral Health and Children’s Center of the Upper Valley. She holds a bachelor’s degree in economics from Boston University, a law degree from Boston College Law School and an MBA from Boston College Carroll School of Management.

— Staff report

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