Weatherford Democrat

Aledo ExtrA

April 29, 2014

Aledo Heritage Foundation to form

By JUDY SHERIDAN

The Aledo Heritage Foundation, a non-profit which would be set up to receive contributions, gifts, grants and donations — and then distribute them according to the City of Aledo’s Strategic Plan — was endorsed as a concept by the Aledo City Council Thursday night.

Staff was assigned to work out the details.

Mayor Pro Tem Bill McLeRoy said the idea of establishing a way for residents to make charitable gifts — as memorials or for improving the city’s quality of life — originated with the Aledo Economic Development Corporation, which recommended it to the council.

A 501(c)(3) would have a charter, bylaws and a board of trustees to manage the funds, he said.

“We discussed the possibility that the board would have some linkage with the city through appointment, through a certain number of members, but this is a separate stand-alone corporation,” he said.

The corporation looked at several options in structuring a charitable vehicle, McLeRoy said, including budget oversight through city staff and channeling funds through an established community foundation.

“The corporation board here decided they really wanted to have this independent, not tied to another organization,” he said, “so the board recommended it for endorsement, going with an entity that would be called the Aledo Heritage Foundation, which picks up the word heritage in our logo.”

The AEDC could not establish the entity, McLeRoy said, so it was referred to council.

“We’ve created several of these,” City Attorney Betsy Elam commented, pointing out a similar entity created by the City of Burleson.

Other cities have used public funds to initiate the corporations, she said.

“If there’s no legal prohibition against public funds, then perhaps the council’s law firm could give us some ballpark as to the cost,” McLeRoy said, and Elam said she would investigate.

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