Collier Community Foundation receives largest gift in its history from Naples man’s estate

The Collier Community Foundation has acquired a gift of roughly $17 million from a Naples man who needed to elevate others up by means of his success.

The gift is from the estate of G. Jeffrey ‘Jeff’ Provol, who died Sept. 5, 2023 on the age of 81.

It represents essentially the most substantial gift to the inspiration in its 39-year history.

Provol’s legacy will considerably affect the group, in line with the inspiration.

“It’s hard to put into words the impact these funds will have in the long run,” Eileen Connolly-Keesler, president and chief govt officer of the inspiration, mentioned in a information launch. “This gift will allow for larger impact grants to nonprofits critical to this community.”

Provol, who was not married and had no youngsters, left the gift in the arms of the inspiration in order that the funds may handle rising and future points, together with pure disasters.

The Baby Boomer era is transferring almost $35 billion over the subsequent 9 years in Collier County, in line with the inspiration. Connolly-Keesler mentioned offering unrestricted presents ensures long-term group sustainability.

The group basis is a tax-exempt, public, charitable group established in 1985 to extend and give attention to native non-public philanthropy.

Today, it manages greater than 850 funds, works with a whole bunch of nonprofits, and has granted over $328 million to nonprofit organizations, group applications, and scholarships.

“This is how you build your communities, you ensure the community you care about is taken care of today and 50 years from now, even if you bequeath a small portion of your estate,” she mentioned.

Provol’s gift ensures there are reserves in the group for when issues occur.

“He saw that you need resources when a crisis hits your community,” she mentioned.

The unprecedented gift is ideal timing as a result of the inspiration and its philanthropic companions are prioritizing gaps to handle wants primarily based on the current Collier County Community Assessment survey, which discovered workforce housing and the atmosphere are high points.

Provol’s solely earlier donation to the inspiration was to the Collier Comes Together Hurricane Ian Relief Fund.

Provol’s father based the George J. Provol Company and Classified Inc., a mail order promoting firm primarily based in Chicago. Provol took over the corporate in 1989 after his father died and he later bought the corporate and invested the proceeds, in line with the inspiration.

Amy Dalen Garry, principal and chair of the tax advisory group at HBK who’s the non-public consultant of Provol’s estate, mentioned he had many pursuits that included automobile racing and accumulating artwork, but he finally was intent on lifting others along with his wealth.

“He was a private man, but he was a kind man,” Garry mentioned.  “He really cared about other people. He wanted to make sure that what he had would benefit everyone. He was very fortunate and successful in his life, and he didn’t take that lightly. He wanted to pass that on.”

Provol had already thought-about the inspiration when he labored with Garry and with estate legal professional Lisa Lipman, with the Roetzel & Andress agency.

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“It’s fantastic,” Lipman mentioned. “The Community Foundation helps so many other organizations, this gives the (it) the power to do more than they are already doing. I’m sure it contributes to the foundation’s sustainability overall.”

The gift from Provol’s estate exceeds the $14.45 million acquired in unrestricted funds established because the Wilfred and Joan Larson Fund in 2021, which has already resulted in over $2 million in grants to the group.

This article initially appeared on Naples Daily News: Naples man leaves $17 million to Collier Community Foundation

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