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Benefits of
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Donor Comments
Types of Funds |
Existing Endowments
DCF Endowment Matching Program a Huge Success,
as Generous Donors Quickly Contribute $275,000
 It
took less than two weeks for contributors to match the $275,000 set
aside by the Dearborn Community Foundation (DCF), Inc. during its Double
Your Donation endowment matching program.
The goal of the matching program was to celebrate DCF’s 10th
Anniversary with a gift encouraging philanthropy through endowment in
the Dearborn County community, said Fred McCarter, Executive Director of
the Dearborn Community Foundation, Inc. The matching program began on
April 1 and was over by April 11, when the last of the $275,000 in
endowment matching funds were matched, he said.
“There certainly was no expectation of how quickly the generous
donors in our community would respond,” McCarter said. “The outcome
certainly is quite gratifying.”
DCF matched $1-for-$1 contributions made to new or existing
endowments – doubling the original donation by contributors.
Contributors established five new endowments totaling more than $172,500
during the matching program. Another $102,500 was contributed to nearly
20 existing endowments. The overall endowment at the Foundation grew by
$550,000 when the new contributions are combined with the $1-for-$1
match. DCF had total endowment of $10.4 million as of December 31, 2007.
“The new endowments, like our existing endowments, will provide
scholarships for students and grants for charitable organizations and
causes in perpetuity,” McCarter said. “The contributions by donors are
greatly appreciated. It’s important to note that the matching program
would not have been possible without the generous support of Dearborn
County Council and the City of Lawrenceburg.”
New endowments established during the DCF endowment matching program
include:
- Dillsboro Volunteer Fire Department Fund:
provides support to the Dillsboro Volunteer Fire Department.
- Aurora Public Library District Fund: provides
support to the services of the Aurora Public Library District.
- Kay Chalk Memorial Scholarship Fund:
provides support to the Dollars for Scholars South Dearborn Chapter
of Scholarship America, Inc., for a scholarship.
Main Street Aurora, Inc., Trail Fund: provides
support to Main Street Aurora, Inc., for Dearborn Trails expenses.
Nanz Family Scholarship Fund: provides
funding for a scholarship to a current graduating senior or a
previous graduate of Lawrenceburg High School or South Dearborn High
School.
Beginning April 1, 2008, the Foundation matched contributions to new
or existing endowments $1-for-$1 up to a maximum of $50,000 per donor.
The contributions were matched on a first-come, first-served basis as
long as matching funds were available.
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