For Immediate Release:
October 11, 2017
Tower Family Foundation Highlights Incredible Results
Non-Profit Organization Obtains Independent Accounting Firm’s Calculation that Administrative Expenses are 3.36% as a Percentage of Total Revenue in 2016
(Watertown, South Dakota) – In an act of transparency, the Tower Family Foundation, a 501(c)(3) non-profit, today touted the organization’s strong financial management and stewardship track record in an industry-wide announcement.
Independent certified public accounting firm Vilhauer, Raml & Snyder P.C. calculated that the Tower Family Foundation’s administrative expenses for the year ending December 31, 2016 as a percentage of total revenue was 3.36%. The report issued by Vilhauer, Raml & Snyder P.C. was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants.
“On behalf of the Tower Family Foundation, we are excited that this report confirms that the Foundation has a first-class record of managing the donated funds entrusted to the organization,” said Board of Directors member Kari Carlson of Tower Systems, Inc. “This independent calculation places the Tower Family Foundation among an exclusive group of non-profit organizations in the United States that can boast of ultra-low administrative expenses and donating over 96 cents of every dollar to eligible benefactors,” added Carlson.
The Tower Family Foundation has been established to help provide financial assistance to family members of a severely injured, permanently disabled, or deceased tower worker injured or killed in an accident stemming from working at heights on communication structures or other on-the-job related activities that tower workers are involved in on a daily basis. The Tower Family Foundation is governed by a dedicated group of volunteer Board of Directors and Advisory Committee Members.
Since its inception in 2014, the organization has provided $325,000 to tower industry workers and their families. These generous contributions have been instrumental to the Tower Family Foundation’s success and are making an indelible impact by allowing the organization to fulfill its mission of taking care of tower workers and their families.
“We have seen first-hand that the need is real and the Foundation’s resources are making a difference in the lives of industry workers and families when they need the support the most,” stated Board of Directors member and Advisory Committee Chairman Cliff Barbieri, President of Advanced Tower Services, Inc. “I would encourage all organizations, companies and individuals in the diverse wireless and broadcast industries to make a donation today to the Foundation,” Barbieri added.
Donating to the Tower Family Foundation is easy. Contributions can be made to the Foundation via credit card or check.
- To pay online by credit card, click on the “Donate” button at the following website link: http://towerfamilyfoundation.org/get-involved/donate/online-donation/, fill out all of the required fields and press the submit button. All credit card transactions are made through a secure, online platform called Paypal.
- To pay by check, please print out the Foundation donor form at the following website link: http://towerfamilyfoundation.org//wp-content/uploads/2014/04/Foundation-Check-Donation-Form-.pdf , complete the donor form and submit the form with your check.
Make your check out to the Tower Family Foundation and mail it to the address listed below:
Tower Industry Family Support Charitable Foundation 8 Second Street SE Watertown, SD 57201
Additionally, company and individual donations that reach distinguished level donations to the Foundation will be given special recognition and promotion on the Tower Family Foundation website.
Interested donors are encouraged to visit the Tower Family Foundation’s website at www.towerfamilyfoundation.org to learn more about the organization and make an online contribution.
About Tower Family Foundation
The Tower Industry Family Support Charitable Foundation has been established to help provide financial assistance to family members of a severely injured, permanently disabled, or deceased tower worker injured or killed in an accident stemming from working at heights on communication structures or other on the job related activities that tower workers are involved in on a daily basis. The intent of the donation is to provide a funding “bridge” to the affected families to help pay for immediate needs and help defray other related costs that families experience in a post-accident or fatality situation.
Contact: Todd Schlekeway (605) 882-5865