MASON COUNTY — To celebrate its 10th anniversary of service, Our Community’s Foundation - Mason County (MCCF) is offering a unique challenge opportunity to Build a Fund…for Your Community.
This challenge program encourages local donors (individuals, businesses and support groups for nonprofits) to build permanent local funds to improve the community. The unique program offers donors $1 in matching funds for every $2 contributed (up to $5,000) to the community foundation for the creation or building of community funds that will support Mason County.
“Although we have been very successful over the past 10 years in working with donors to build local funds, MCCF is only able to provide funding for about 10 to 15 percent of the grant and scholarship requests received each year. The needs are great in Mason County and this anniversary milestone gives the Foundation an opportunity to build community assets by offering a unique matching program,” commented Jane Winters, the Foundation’s regional manager of affiliates.
The $10,000 Build A Fund challenge funds were provided by the Gordon and Mildred Jackson Foundation; City National Bank; Peoples Bank; Ohio Valley Bank; Mid-Atlantic Construction; and City Ice and Fuel.
“These generous sponsors firmly believe that creating permanent funds that will provide permanent annual support for our community is vital to improving the quality of life in Mason County and making it more self-reliant,” commented Mario Liberatore, advisory board chair for MCCF.
MCCF currently holds 26 funds that are dedicated for scholarship and grant support for Mason County. The Foundation’s charitable funds are established with local donors, individuals, businesses and nonprofit organizations, as permanent funds. Each year a portion of the fund’s earnings are used to generate annual scholarships and local grants. Some funds are dedicated to support specific organizations or causes like the River Museum and 4-H, others provide support for fields of interest like education or arts while others provide scholarship support, often in memory or honor of special people from the community, for local students. Once the fund reaches endowment (a minimum amount of $5,000 - $25,000 depending on the type of fund), these funds will forever provide annual grants and scholarships for today’s residents as well as those in the generations to follow.
The MCCF Advisory Board members felt that it was fitting to use the occasion of its 10th Anniversary to encourage the community to build permanent funds to support the local causes or organizations that are important to them. The challenge program will provide $1 in matching dollars (up to $2,500) for every $2 contributed to the community foundation when a donor makes a gift to establish a new fund or build an existing fund between June 1 and Nov. 7, 2014. The Foundation will issue up to $10,000 in matching funds. The challenge works on a 2 to 1 basis – a gift of $5,000 (or more) to MCCF will be matched with $2,500 of Foundation matching funds generating $7,500 toward a community fund. MCCF leaders will use the $10,000 matching pool of funding to encourage the participation of four donors (each fund receiving $2,500 in matching funds for gifts of $5,000 to MCCF). The goal of the Build a Fund…for Your Community Challenge Program is to create more permanent support funds at the community foundation to build lasting local resources to continually improve Mason County.
“The Build a Fund Challenge gives donors who want to build a community fund a wonderful opportunity to receive additional dollars to help create a fund. If anyone has an interest in starting a permanent fund with MCCF or building an existing fund to endowment, this is the time to do it. I encourage anyone interested in this opportunity to contact the community foundation and they will be happy to explain the process and the matching opportunity in detail,” commented Liberatore.
Questions regarding the Build A Fund…for Your Community Challenge can be directed to Jane Winters at 304-372-8588 or firstname.lastname@example.org. The Mason County Community Foundation is a regional affiliate of Our Community’s Foundation – the Parkersburg Area Community Foundation and the regional affiliates of Doddridge, Jackson, Little Kanawha Area, Mason, and Ritchie Counties. All donations to this public charity are acknowledged as tax deductible.