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Faces of the Foundation - Investment: Jeff Lang
from Faces of the Foundation: 2019 Annual Report - The Community Foundation Muncie & Delaware County
by cfmdin
Put Trust in the Foundation to Know Community Needs
Jeff Lang
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Volunteerism has always been a part of Jeff and Beth Lang’s lives.
“It’s just been part of our family culture,” Beth said. Jeff recalls one Thanksgiving, where he joined his father, who was a member of the Lion’s Club, to deliver food baskets to families in their community. That experience left an impression on Jeff that helped shape his view on philanthropy and community involvement at a young age.
Jeff and Beth Lang relocated to Delaware County with their two young daughters in 1995. Jeff began his role as the Chief Financial Officer of Maxon Corporation. While Jeff’s parents instilled strong community values, his role at Maxon pushed him to get involved in his new community.
Jeff learned about The Community Foundation from friends and colleagues at Maxon. Because of his financial background, Jeff was interested in how the Foundation operates on an endowment model. Gifts to the Foundation are invested. Only a portion of the earnings are spent each year, allowing gifts to grow and increasing the pool of funds available from year-to-year. The Foundation provides its donors with a way to give money now, and see that gift used indefinitely to improve the community.
“The people who built the Foundation are people to look up to and follow,” said Jeff. “I continue to feel good about the thoughtfulness of Foundation leaders and know that the Foundation will be a support for the community now and into the future.”
Jeff initially served as a volunteer on the Foundation’s Investment Committee. Jeff later joined the Foundation’s Board of Directors, where he served as Board Chair from 2017 to 2018. Today Jeff continues to volunteer on the Investment Committee and the Strategic Grants Committee. He also serves as Chair of the Foundation Fund Committee. The Maxon Foundation Fund was established at The Community Foundation when Maxon Corporation was purchased. A committee of former Maxon executives and approved committee members review grant applications and make grant recommendations to the Board of Directors once each year.
Jeff and Beth established the Jeff and Beth Lang Fund in 2013. This fund is unrestricted to The Community Foundation, which allows the Foundation to use those funds to respond to the needs of the community at any time, even in the future where the needs will look very different from today.
“The Foundation’s knowledge of the community needs will always be timely and allow our fund to meet the community’s needs now and into the future,” said Jeff.