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Wednesday, January 13, 2010

Foundation cycling gets a new foundation


Picking a trust worthy charity to donate funds to is often a complex task. Charity Navigator is one of the best tools you can use to assist you in finding a topic you are interested in contributing to while seeing which organizations use the financial donations most efficiently and effectively. The other option is to start your own foundation based on something you really care about. That is what Ric Wolf, Inson Wood, and Earl Osbourne did nearly 8 years ago when they started Foundation Cycling New York in Manhattan (www.foundationcyclingnewyork.org ) Foundation Cycling New York is an official 401-3c non-for profit organization. Its original founders Tony Pechenik and Inson Wood came up with the idea to have a cycling team that would retain its original name regardless of the title sponsors. As many of the riders were businessmen and professionals they wanted to create a team thats primary focus was to raise awareness to charitable giving and to give back to the cycling community by promoting inner city youth riders in a sport that was normally seen as elite and prohibitively expensive for younger athletes. Cycling at the competitive level is very costly with equipment costs, transportation, lodging and entry fees running in the tens of thousands of dollars for a single rider.

Over the past 8 years the team has raised over a million dollars for various local and national charities. Primary charitable organizations the team targets are Alzheimers Association, Food Bank of New York, Livestrong, Juvenile Diabetes Foundation and Transportation alternatives. Foundation Cycling New York is sponsored by One Equity Partners, Tom Kempner, Brookstone Partners, Inson Dubois Wood LLC, Global Research, Cap Rok Capital, Cavatappo, and Anthony Skorochod Photography.

Unlike most teams that are quite homogeneous, the Foundation Cycling team has over 50 riders from all backgrounds lawyers, bankers, architects, designers, artists, doctors, and has competitive riders from the ages of 16 years old to 64 years old and representing 12 countries. Foundation cycling is a member of the Century Road Club Association, that just won cycling club of the year for its outstanding contributions to the cycling community. Century Road Club Association is a 1000 member bicycle racing club in New York City that is open to new members who can apply on line at www.CRCA.net. It is the oldest cycling club in America and was founded in 1898.

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