KOSCIUSKO — In May 2018, the Kosciusko County Community Foundation announced that in celebration of its 50th anniversary, 10 youth-serving nonprofit organizations were selected to participate in “Endowment Challenge 50.”
The Anthony Wayne Area Council Boy Scouts has successfully completed the fundraising portion of the challenge.
Participating organizations committed to raising $10,000 for their endowment and to participate in multiple trainings focused on sustainability and donor development. In return, the youth serving organizations would receive $40,000 in matching funds for a total of $50,000 for their endowment funds.
“Who better than the Boy Scouts to build skills, character and knowledge in youth?” said Suzie Light, Community Foundation CEO. “They’ve been at this important work for 109 years.”
Endowment funds provide a charity with a consistent annual stream of revenue. The principle is not spent. It is invested and the earnings from that investment support the work of the charity forever.
The EC50 was made possible through the generous financial partnership of Dekko Foundation, Kosciusko County Community Foundation, the Ruth Lilly Philanthropic Foundation and the Dr. Dane and Mary Louise Miller Foundation.
Since 1968, Kosciusko County Community Foundation, Inc., has helped donors achieve their charitable dreams. The Community Foundation is a public charity that grants over $2 million annually in the areas of education, health, arts and culture, recreation, civic projects, environment and human services. Gifts made to the Community Foundation are tax-deductible.
For more information about the Community Foundation, visit www.kcfoundation.org, call (574) 267-1901 or stop by the office at 102 E. Market St., Warsaw.