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Generations
Initiative, a matching gift program for Marshall County's future
May
2007 -- The Marshall County Community Foundation (MCCF) is very
pleased to announce an initiative that allows existing and new fund
holders to benefit generations of Marshall County citizens. Every
dollar contributed by a permanent fund holder, up to $100,000 per
fund, will receive a 25-cent match from the MCCF Generations
Initiative—adding a potential maximum of $25,000 extra to the
permanent fund you have established. This opportunity is the first
time in the Foundation’s history that a donor will receive matching
funds directly from the Foundation.
Matching
money simply means that you can now give a monetary gift of your
choice to one of over 200 funds held by
the Community Foundation, or start a new fund, with the Foundation
adding more money for every dollar you contribute! Contribute one
dollar to your existing fund, and the MCCF will add a quarter. For
every four dollars added to your existing fund, the MCCF will add
a dollar. Make an additional gift of $100,000 to your fund and receive
the maximum extra benefit of $25,000 in additional principal.
The Foundation
will provide a maximum of $500,000 of matching funds for the Generations
Initiative, and matching funds will be awarded on a first come,
first served basis through June 30, 2008 or until the $500,000 is
expended. Individuals and groups are encouraged to take advantage
of this opportunity to establish a new permanent fund with a minimum
$5,000. While the initial $5,000 cannot be matched through the Generations
Initiative, all additional contributions beyond the initial
investment will receive the matching grant from the Foundation.
For example, a permanent fund created with a $10,000 investment
quickly becomes one worth $11,250. A $50,000 permanent fund established
within the timeframe of the initiative quickly has a value of $61,250.
Investments
in the Foundation consistently earn annual interest, but this initiative
will allow you to enhance your fund’s assets almost immediately.
Contributions made during a quarter will be matched on the first
business day of the next quarter. For example, a contribution on
May 15, 2007 will receive its match on July 1, 2007. Please note
the Generations Initiative applies only to permanent funds
with the MCCF. Non-permanent funds may convert and realize the match
on all funds except the initial $5,000.
The Generations
Initiative is a wonderful opportunity for the citizens of Marshall
County to leave
a lasting benefit to future generations. The matching funds will
strengthen each fund to provide even greater impact.
For more
information about the Generations Initiative, contact the
Marshall County Community Foundation at (574) 935-5159.
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