The McPherson County Community Foundation (MCCF) Board of Directors is pleased to announce the organization has reached the halfway mark for the 12 in 12 Endowment campaign and the Kansas Health Foundation GROW II matching challenge grant.
Last year, MCCF began a fund raising campaign to increase the endowment from $6 million to $12 million by the 12th anniversary in May 2013. Total endowments have currently exceeded $9 million through donations to establish new or build existing funds and investment earnings. The endowment goal is part of a 4-part plan designed to further the mission of the Foundation.
MCCF is also participating in the Kansas Health Foundation GROW II matching grant program. The Foundation is being challenged to raise $1 million in endowments that will be matched by the Kansas Health Foundation up to $500,000. GROW II is focused on strengthening the community foundation field in Kansas and building endowments to underwrite solutions to local health issues. The challenge must be completed by December 2017.
The GROW II challenge is designed to leverage donations for community funds, a field of interest fund for public health, and to help build the MCCF Administrative Endowment Fund. Each of the funds will give MCCF the flexibility to design grant programs around community needs and assist nonprofit organizations further their mission.
“Residents of the area have started to realize the benefit of building a strong countywide Foundation and we are grateful for their generosity,” states Glen Snell, MCCF Board Chair. “Reaching the $12 million endowment goal allows us to have a substantial impact on programs designed to build and strengthen our communities.”
Gifts donated to endowed funds are invested and a portion of the annual earnings are used for grant distributions. Recipients are either designated by the original fund agreement or selected through a competitive process. Project or program support, operations or general support, seed money, endowments, capacity building or capital campaigns may be considered by the Foundation.
With the start of a new fiscal year in September 2011, the Foundation will have over $125,000 from the fund’s earnings for competitive grants. Grants will be distributed to a wide variety of nonprofit organizations to enhance health care, education, arts and culture, environment, civic and human services and other community programs.
“Connecting donors with the ever changing needs of our community and nonprofit organizations is a focus for the Foundation,” states Becky Goss, MCCF President/CEO. “Continuing to build a strong endowment is the key to meeting that focus and benefitting all of the McPherson County residents.”
Individuals are encouraged to contact the MCCF office at 620.245.9070 for a fund and grant listing. Donations of all sizes and from a variety of asset types are accepted by the Foundation. Additional information can be obtained at www.mcphersonfoundation.org.