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Message from the Board of Directors:
As we move through our second decade of operations, we continue to believe that our support of athletics through our mission is a worthwhile endeavor. It is good for our community and for its citizens whom we serve, many of whom will be our leaders in both the public and private sectors of our communities. We hope you share our belief and find our story worthy of support.
Our business is as set forth in our mission; it is a business we will continue for the long term. Endowment building to support our mission is a long-term process. As we grow, our financial need to support our annual activities is also growing. Our asset base now exceeds $1 million, which suggests an annual distribution of about $50,000 (five percent).
Annual cash flow allows us to exceed a fully endowed position, so that we can address additional needs in the community. Current annual support for our various projects is about $65,000. Our annual administrative expense is four percent of our asset base, leaving substantially all donated funds available for mission support.
Having reached our first stage goal of an endowment of $1 million, our next goal is to increase the endowment to $5 million. To reach this next target, our plan is three-fold:
1. To better educate the community that we serve to enhance our current revenue sources;
2. Attract larger donor support; and
3. Establish a planned giving capability.
The Tom Wrightson bequest to our foundation is the pioneer in planned giving. We will start this program by hiring a planned giving coordinator for this more complex aspect of charitable fundraising. While we need to focus on our endowment base, planned giving is a logical extension of our total fundraising effort.
As part of our education effort, we hope you will learn more about our business, share our enthusiasm, and help us increase the financial support that we provide in carrying out our mission. Please contact any board of director member for information on how to make a financial contribution to the foundation.
Last Updated: 6/15/2010, 11:16 AM (Charlie Levenson)