Third Street Center’s Legacy Program offers the unique opportunity to support TSC’s work immediately while the actual gift is given later at estate disbursement.
This innovative program was designed by Richard Fuller (while at Alpine Bank), Jim Calaway, and former TSC director Jody Ensign. Jim and Connie Calaway were the initial Legacy Program donors.
The transformation of the old Carbondale Elementary School into the Third Street Center required a $4.5M capital campaign. Half of that goal was raised from community members, local and state government, and local, state and national foundations. The balance of resources for the renovation came in the form of a tax-exempt conduit bond (loan) through the support of the Town of Carbondale and Alpine Bank.
Renting space in the renovated Third Street Center to 25+ nonprofit organizations at below-market rates supports payment of the low interest loan from Alpine Bank. In fact, two-thirds of that income is directed annually to paying down the loan.
The Third Street Center Legacy Program enables legacy gifts in the future to reduce loan payments today and frees up capital for ongoing improvements to the facility (like the Gym Transformation Project) as well as additional programming to support tenant success. It is win-win for supporters of the Third Street Center.
Please contact Executive Director Colin Laird, 970.963.3221 or Board President Laura Kirk, 970.970.963.6520 if you are interested in making an annual gift or legacy gift.