CNX Real Estate Gift to WCCF To Be Sold at Public Auction

September 08, 2020

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The Washington County Community Foundation (WCCF) is pleased to announce that a public auction for residential property being donated to the WCCF by CNX Resources has been scheduled for early October.

The donated property, located at 88 Kopper Kettle Road in South Strabane Township, consists of a four-bedroom, 2.5 story brick home with over 3,600 square feet of living space, and approximately 12 acres of land. It is located within the Trinity School District and was appraised at $260,000.

“This extraordinary gift from CNX not only supports the philanthropic activities of our foundation in a very significant manner, it also serves to illustrate that real estate can be an attractive asset for charitable giving,” remarked Betsie Trew, WCCF President & CEO. “We hope that other businesses will follow the lead of CNX and consider donating excess property. This could be residential property that was acquired through business transactions, such as this CNX property, or business property that is no longer integral to the operations of the business.”

“With an over 150-year history in this region, CNX has a substantial surface property footprint amassed over many decades,” said CNX spokesperson Brian Aiello. “We’re pleased to be able to leverage those legacy assets in partnership with the WCCF to implement a technology that will benefit students, nonprofits and donors in our area for many years to come.”

Discussions between CNX and the WCCF regarding the real estate donation began approximately one year ago.

The time-frame for the donation was extended when real estate activity was curtailed in Pennsylvania because of the COVID-19 pandemic. After real estate activity was permitted to resume, representatives from CNX and the WCCF worked together, along with several other companies and individuals, to finalize the legal documents and attend to the other tasks necessary to complete the gift.

Joe Pyle Auctioneers is coordinating the auction, which will be held on site at 5:00 pm on Tuesday, October 6. One hour prior to the auction, prospective bidders will be able to inspect the property. The house, which has been vacant for several years and is in need of repair, would be particularly attractive to residential contractors.

The Foundation will apply the proceeds of the gift for its new web-based software program Akoya, which it began implementing in January 2020. With the Foundation’s significantly increased activity in recent years, it was very apparent that a more robust software program was needed. The Foundation also wanted to improve the processes by which nonprofits apply for grants and that students apply for scholarships, and the Foundation wanted to increase services to donors by providing web-based access to fund information. The new software includes all of these features and has already served to increase the Foundation’s productivity.

“In recent years, the incredible growth of the Community Foundation necessitated a more efficient and streamlined approach to our grant and gift processing,” said Aliesha Walz, Chief Operating Officer, Washington County Community Foundation. “Our new web-based software package, which includes a fully integrated database and accounting system, has enabled our small staff to more effectively manage these important functions, propelling the WCCF’s administrative capabilities into the twenty-first century. Certainly, in the best of times, this software program would have been a huge step forward; however, with the onset of the global pandemic earlier this year, these capabilities have been absolutely vital to maintaining our operations in challenging circumstances.”

Details about the auction may be viewed here at Joe Pyle Auctioneers' website.


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About CNX Resources

CNX Resources Corporation (NYSE: CNX) is one of the largest independent natural gas exploration, development and production companies, with operations centered in the major shale formations of the Appalachian basin. With the benefit of a more than 150-year legacy and a substantial asset base amassed over many generations, the company deploys an organic growth strategy focused on responsibly developing its resources in order to create long term value for its shareholders, employees and the communities where it operates. As of December 31, 2019, CNX had 8.43 trillion cubic feet equivalent of proved natural gas reserves. The company is a member of the Standard & Poor's Midcap 400 Index. Additional information may be found at www.cnx.com.

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About the Washington County Community Foundation

The mission of the Washington County Community Foundation is to improve the quality of life in Washington County by promoting and facilitating philanthropy. It was one of the first community foundations in the country to be approved for the rigorous National Standards for Community Foundations and was re-accredited in 2020. It is the largest publicly-supported grant-making foundation in Washington County and cumulatively has provided approximately $18 million in grants.