BYERLY FOUNDATION BEGINS FISCAL YEAR EXTENDING FROM OCTOBER 1 TO SEPTEMBER 30
Hartsville, SC – The Byerly Foundation was set up as a private foundation in 1995 with a focus on making the greater Hartsville area a continually stronger community. The Foundation is an offshoot of the former Byerly Hospital and the resources from the sale of Byerly Hospital were used to fund the private foundation. The assets from that sale were approximately $22.5 million and they were invested to provide funding for making grants to eligible non-profit and governmental institutions. The Foundation is subject to tax regulations and is required to distribute a minimum of five percent of its assets on an annual basis.
Linda Weatherford is the Chair of The Byerly Foundation
The Byerly Foundation is managed by an 11-member Board of Trustees and run by an executive director. Linda Weatherford, CEO SPC Credit Union, is the new chair of The Foundation. The other members of the Leadership Team include Lex West, West Propane, as treasurer and Susan Henderson, Coker University Provost as secretary. Other Board members include: Chris Shirley, community leader, Roger Schrum, Sonoco, Pat Youngblood, Sonoco, Dr. Orville Dyce, Black Creek Medical Associates and Casey Hancock, Wild Heart Brewing. The new members of the Board are Dr. Terence Hassler of Hartsville Orthopedic and Sports Medicine, Brandy Johnson, of North Industrial Machine and Lunella Williams, a retired SLED agent. Richard Puffer is the executive director.
Three members completed their terms in September
Board members are elected to three-year terms and may serve up to two consecutive terms. Three members of the Board had their final meeting in September after serving The Byerly Foundation for six years. They included Bob Brown, Rainey Knight and Bill Perry. “The community of Hartsville has been served greatly by these individuals in a wide variety of roles and they made a strong impact on the community with their leadership inside The Byerly Foundation. They will be missed and we appreciate all their knowledge and experiences adding value to our mission of making Hartsville one of the best places to live, work and raise families,” said Richard Puffer, executive director.
Currently, The Foundation has assets of approximately $23 million dollars. The Board meets on the last Tuesday of every month.