Dacco Foundation

Cove behavioral health foundation, inc. ("foundation") was formed for the benefit of cove behavioral health, inc. ("cove") a nonprofit organization whose mission is to support our community's overall wellness by providing accessible and compassionate behavioral health services. Through its services, cove saves lives and keeps families together by addressing substance abuse and mental health issues. The purpose of this foundation is to support cove. The foundation participated in a new market tax credit transaction that provided funds to cove in order to rehabilitate the building in which cove is housed and to construct an additional building adjacent thereto. The foundation loaned funds it received from cove to an investment entity and this transaction ultimately benefitted cove. The organization formerly received debt service payments from the loan it made. The foundation also may receive and hold large grants and serve as cove's additional endowment entity.