FINANCIAL_SERVICESPENDING

Borough to Partner with Luzerne Foundation for Parks Fund

The Borough Council plans to partner with The Luzerne Foundation to establish and administer a charitable component fund dedicated to parks, green spaces, and recreation areas, with the foundation providing financial management services for a nominal 2% administrative fee. Borough officials will work with the foundation to finalize the fund’s terms, which will be used exclusively for property acquisition and public space improvements within the Borough.

Status
PENDING
Document date
July 8, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Luzerne Foundation
Agency
Borough of Forty Fort · PA

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
2% of funds held (administrative fee)
Contract type
FINANCIAL_SERVICES
Contract term
Takes effect immediately upon adoption; ongoing while charitable component fund remains active
Renewal
Partnership is open-ended and continues while the charitable component fund is active; no fixed renewal date is specified in the resolution. Administrative fee structure (noted as 2% in related correspondence) applies on an ongoing basis to funds under management.
Document type
Resolution
Source document
Forty Fort Borough Resolution Establishing a Charitable Component Fund 2026-07-08

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Borough of Forty Fort?

Luzerne Foundation was awarded this financial services contract by Borough of Forty Fort, as recorded on July 8, 2026. The contract value is 2% of funds held (administrative fee).

How much is the Luzerne Foundation contract with Borough of Forty Fort worth?

The Luzerne Foundation contract with Borough of Forty Fort is valued at 2% of funds held (administrative fee), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record.

Where was this contract approved?

This contract appears in Forty Fort Borough Resolution Establishing a Charitable Component Fund 2026-07-08 (Resolution), dated July 8, 2026 from Borough of Forty Fort. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Luzerne Foundation hold?

Luzerne Foundation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Borough of Forty Fort currently buying?

Explore Borough of Forty Fort's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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