The Edward Bangs Kelley and Elza Kelley Foundation has entered into an administrative management agreement with The Cape Cod Foundation.
The Cape Cod Foundation will now handle the back-office administration and day-to-day operations of the Kelley Foundation and coordinate grant and scholarship processes with the Kelley Foundation Board of Directors and members.
“This agreement enables us to take advantage of the strong foundation management expertise of The Cape Cod Foundation,” said Bert Talerman, President of the Kelley Foundation Board of Directors. “In addition to giving us access to the background, tools, and knowledge of the Foundation, it will make it possible for our Board and members to devote more of their time to the Kelley Foundation’s strategic investments in our community.”
“The Kelley Foundation’s impact on Cape Cod has been significant,” said Kristin O’Malley, President and CEO of The Cape Cod Foundation. “We have collaborated on several initiatives over the years and see this partnership as another way to leverage resources and maximize impact in our community.”
The Kelley Foundation was founded in 1954 by two distant relatives: Dr. Julius G. Kelley, the superintendent of what was then the Barnstable County Hospital in Pocasset, and Edward Bangs Kelley, a successful retired businessman born on the Cape. Their mission was to promote the health and welfare of the inhabitants of Barnstable County.
Upon E.B. Kelley’s death at the age of 89 in 1955, the foundation received $25,000 and a few securities from his estate. Today, through additional bequests and donations, the foundation has assets over $8 million. In the last 20 years, it has distributed more than $5 million in scholarships and grants to support health, social services, cultural, educational, and environmental needs on Cape Cod.
The Cape Cod Foundation was founded as a community foundation in 1989 with a single $10,000 scholarship. Today, the foundation’s assets exceed $65 million. The organization has distributed $75 million in grants and scholarships to nonprofit organizations and students on Cape Cod and assumed a key leadership role in the nonprofit community.
For more than half a century, the Edward Bangs Kelley and Elza Kelley Foundation has enriched the quality of life on Cape Cod, supporting nonprofit organizations that serve the health, social, educational, cultural and environmental needs of the people who live here. The organization’s members and board of directors represent a broad cross-section of the commercial, professional and social service life of the community. www.kelleyfoundation.org
The Cape Cod Foundation is a community foundation whose mission is to build permanent charitable resources for community betterment through informed grantmaking and civic leadership. The Foundation has distributed $75 million in grants and scholarships since its founding in 1989. www.capecodfoundation.org