• 77°
The Madison Record

Community Foundation, Torch Technologies announce endowment fund

Huntsville Mayor Tommy Battle, Torch Technologies Chairman/CEO Bill Roark, Community Foundation CEO/President Stuart Obermann and numerous employees attended the announcement for the Community Catalyst Fund. (CONTRIBUTED)
Huntsville Mayor Tommy Battle, Torch Technologies Chairman/CEO Bill Roark, Community Foundation CEO/President Stuart Obermann and numerous employees attended the announcement for the Community Catalyst Fund. (CONTRIBUTED)

HUNTSVILLE – The Community Foundation of Huntsville/Madison County and Torch Technologies have created a new endowment fund that will provide a perpetual source of grants for improving qualify of life in Huntsville and Madison County.

Unrestricted gifts will fund the Community Catalyst Fund that will allow the Community Foundation to make annual grants to local improvements.

“This new fund will allow our foundation to become an active grant maker in our community,” Stuart Obermann, Community Foundation CEO/President, said. The foundation board and staff will “make and manage strategic philanthropic investments for a positive impact for everyone living in the greater Huntsville area.”

The board’s Community Impact Committee will assess needs in the region and then prioritize and fund strategic projects that solve real problems, Obermann said.

Torch Technologies has provided the inaugural leadership gift to open the fund and has been named Torchbearer Sponsor. Torch donated $50,000 to jump-start the fund and is offering $100,000 more as a challenge grant to match other corporate and individual gifts to the Catalyst Fund.

“We have been looking for the right opportunity for Torch to make a ‘signature’ type of commitment, one that would have a long-lasting positive impact on our community,” Torch Chairman/CEO Bill Roark said.

The Community Foundation’s mission is to serve as trustee of the community’s future, fostering philanthropy and mobilizing partners, while striving for an exceptional quality of life both today and tomorrow.

In its fifth year, the foundation has raised or managed more than $13.6 million in charitable donations and has distributed $3.4 million to non-profit agencies, churches and schools.

Founded in 2002, Torch Technologies is an employee-owned small business that provides technical services. Torch won the Better Business Bureau’s Torch Award for business ethics in North Alabama in 2005 and 2009, along with being a finalist in 2007.

For more information about the Community Foundation of Huntsville/Madison County, call 256-535-2066, email to stuart@communityfoundationhsv.org or visit communityfoundationhsv.org.

Bob Jones High School

Top teacher honors go to CMSgt. Ellis Clark at Bob Jones

Huntsville

Madison County encourages customers to conserve water

Madison

MCSO: Three early morning drug raids net numerous drugs, arrests

Madison

Huntsville Museum of Art offers free admission on Sunday, July 3

Huntsville Museum of Art offers free admission on Sunday, July 3

Business

Aerobotix and ASA partner to deploy robotic systems for hypersonic missile manufacturing

Madison

MPD seeks help identifying theft suspect

MPD seeks help identifying theft suspect

Madison

Madison couple killed in motorcycle crash

Huntsville

Thrive Alabama to host community health fair on Saturday

Madison

Coroner: Man found dead in Falkville suspect in Ohio slayings

Liberty Middle School

DeYoung honored as Liberty’s ‘Teacher of the Year’

Madison

Marcia Coons’ books satisfy a child’s whimsy, nurture reading

Lifestyles

Tomato Hornworm: a wolf in sheep’s clothing

Madison

FDA: Currently marketed JUUL products must be removed from the US market

Huntsville

Theatre Huntsville to present “Noises Off” by Michael Frayn

Madison

St. Matthew’s Episcopal Church members in Puerto Rico for mission trip

St. Matthew’s Episcopal Church members in Puerto Rico for mission trip

Madison

Atlanta Braves to stop in Madison today as part of their “World Champions Trophy Tour”

Madison

Madison Police involved in stand-off on Harborview Dr.

Madison

Madison man faces manslaughter charge in child pool death

Digital Version

Digital version of The Madison Record – June 22, 2022

Madison

Fire in Limestone County involving 24 vehicles contained

Madison

Home Place Park awaits ribbon cutting on Thursday

Madison

Public invited to Quarterly Music Meetup at The Orion Amphitheater

Madison

EDITORIAL: Tonight’s community meeting about changing Madison’s city structure is very important

Madison

Crawfish Festival coming to Toyota Field July 2

x