The Community Foundation of Orange and Sullivan (CFOS) concluded another successful year of charitable giving and growth on June 30, with over $2 million in grants and scholarships distributed and total assets of just over $33 million. During the 2019/2020 fiscal year, 24 new funds were established by thoughtful friends, neighbors and businesses that will benefit area students and nonprofit causes in perpetuity.
The new fiscal year also brings a change in the leadership of the Board of Directors, as Michael Bonura, founding partner of Bonura Hospitality Group, becomes the Chair of the Board, succeeding Timothy S. McCausland. McCausland served as Chair from 2018-2020, during which time assets of the Foundation grew by more than $4 million; 51 new funds were established; and the community benefited from $6.5 million in grants and scholarship disbursements.
Bonura, a longtime successful businessman and Orange County resident, brings decades of invaluable experience and knowledge to his new role. Bonura has been a strong advocate for the Community Foundation since joining the Board of Directors in 2006, leading by example through creation of the Bonura Family Fund with his wife, Jennifer, in 2018. With over a decade of experience in the hospitality industry, Bonura is a successful real estate developer and is a dedicated and committed member of the community, supporting countless organizations and events through the Hudson Valley.
For more information about the Community Foundation of Orange and Sullivan visit www.cfosny.org.
Michael Bonura is Chairman of the Board at the Community Foundation of Orange & Sullivan.