Growing up in
in the 1920s and 30s, Dave Jacobs learned early in life about the value of
community and the importance of giving. “We were always taught that
this community is our home, and you need to participate in it and understand
it, and enhance its value by what you can do for it,” Jacobs said.
His parents led by their own example of community involvement.
Scouting reinforced the idea to this young man that he should “help other
people at all times.”
continues to manage the business his father opened in 1909, Bedford
Furniture Galleries. And he carries on the family tradition of
community involvement with gusto. He volunteers for the local Boy
Scouts council and the Lawrence County Community Foundation. Jacobs
also serves on the boards of the North Lawrence Scholarship Foundation as
well as the Lawrence County Historical and Genealogical Society. He
has been active with public bodies like the City Plan Commission too.
addition to giving of his time, Jacobs provides financial support for a
variety of causes that speak to his values. Two endowment funds at the
Community Foundation have helped him achieve some of his charitable goals.
In 2000, he founded a designated fund for the Hoosier Trails Council of Boy
Scouts. Before that, in 1996, he started the Jacobs Family Fund for
the Environment. “I’ve always appreciated the way an American
Indian feels about life. . . they were caretakers for the land,” he
explains. “We have wonderful natural resources here in
, and we need to take care of them.”
on Jacobs’ list of environmental priorities is
’s water and sewer system. “When I was in the military, on the
medical end, I found out it is just impossible to get along without a good
water and sewer system. All health and safety is directly tied to
’s vulnerability became clear to him in the 1980s, when he served on the
board of the Housing Authority. A pumping system blew out, and with no
back-up pumping station at that time, the City wasn’t equipped to handle
it. Several decades later, it appears that there’s still no good
plan for how these facilities will be kept up-to-date. Jacobs
envisions the Jacobs Family Fund helping to protect the environment by
funding a variety of other projects too, such as planting trees for clean
air and preserving agricultural land. The Jacobs Family Fund was
intended to grow over a set period of years and then begin grantmaking.
It is a donor-advised fund, so when it begins paying out, Dave and his son
will be able to recommend specific grants.
Whether the resource is environmental or
financial, Dave Jacobs believes in conserving it. Financial
professionals, seminars, and personal experience in volunteering and family
life have all helped him learn about prudent management of financial assets.
“Oftentimes, too much money gets passed down from parent to child and the
child blows it and the resources are wasted. Now we’re getting
smarter about it,” he says. When his father’s estate was being
settled, the family accountant recommended the use of a trust to preserve
assets. As a result, more could be given to charity. Jacobs is
establishing his own Charitable Remainder Trust. He has plans for
deferred giving to various charitable causes. He explains:
“Whether I’m here or not, I want the community to be a strong
Back to Donor List