Crowe Launches Crowe Foundation, Completes Combination of Practices
The Crowe Group LLP has launched the Crowe Foundation which will provide grants to nonprofit organizations while also creating opportunities for Crowe personnel to develop leadership skills in the communities where they live, work and volunteer. Crowe has identified youth development as a key focus for its charitable contributions, but will also support other causes important to Crowe and its personnel, including economic development, education, arts, cultural, and human services.
“We’re committed to developing leaders for a strong community today, but also realize we have a responsibility to prepare our youth to be tomorrow’s leaders,” said Mark Hildebrand, Crowe CEO, in his announcement regarding the new organization. “That’s why the Crowe Foundation will focus much of its philanthropic efforts toward organizations that help youth develop life skills to become productive members of the community.”
Grants will be awarded to qualified nonprofit organizations as determined by Crowe Foundation trustees. Recipient organizations will be evaluated based on whether their missions are closely aligned with the Crowe Foundation’s mission and contribute to causes and issues important to Crowe personnel.
“Our personnel donate thousands of hours of their time to organizations that impact their communities and their profession,” Hildebrand continued. “We encourage volunteer efforts and believe the Volunteer Investment Program rewards those personnel currently reaching out to their communities, while encouraging others to join in the rewarding activity of giving of their time and talent.”
To that end, the foundation also will work with the firm’s leadership to support volunteer initiatives. In addition to grants to qualified nonprofits, the Crowe Foundation will provide donations to organizations for which Crowe personnel donate significant volunteer hours. The Crowe Volunteer Investment (VIP) will award up to $1,000 per fiscal year to an organization and up to $1,000 per person per fiscal year in recognition of Crowe volunteer efforts. The Crowe Foundation will also support the firm’s efforts to track and monitor volunteer involvement and outcomes and mentor individuals to become involved.
In other Crowe news, Crowe Chizek and Company LLC, a Crowe group entity, on May 1, 2006, announced the completion of the combination of practices with Madsen Sapp Mena Rodriguez & Co. (MSMR) Certified Public Accountants & Advisors based in Ft. Lauderdale, Fla. The two firms operate under the Crowe name and include existing Crowe locations in Ft. Lauderdale, Lake Worth and Tampa, as well as MSMR’s Ft. Lauderdale location.
The combination was first announced on March 9, 2006. It adds substantial experience, particularly in serving Latin American businesses, as well as a considerable client base in the construction and manufacturing industries to Crowe’s presence in the south Florida market. Crowe’s south Florida presence consists of more than 100 professionals concentrating in a wide range of practice areas, including Assurance, benefit plan services, financial advisory, forensic services, performance services, risk consulting and tax consulting, as a result of the completion of the combination.