Community Foundation Establishes $2 million in New Funds
July 21, 2014
Nearly $2 million in just one year. That's how much the Community Foundation of the Great River Bend has raised during its 50th anniversary year.
Spokeswoman Diane Koster says last July, the board of directors challenged the community to establish 50 new funds in honor of its 50th birthday. When its fiscal year ended in June, the organization had established 69 new funds, totaling $1.7 million.
"When we surpassed that, of course we had to go back to the board and so we were able to extend it past the 50. It's heartwarming and what we do is encourage people to support causes that matter to them in this community, and I say this illustrates exactly what is happening."
Koster says many endowments have a personal story attached to them, while others benefit the community as a whole.
"There's such a wide variety. It really covers everything from homelessness to kids getting an education and having new playground equipment. It's just the gamut. It really is."
For each new fund, the Community Foundation of the Great River Bend will donate $1,000 to a charity chosen by the new fund, adding up to $69,000.
The Community Foundation of the Great River Bend currently manages over 940 funds, totaling $100 million.