Local charitable groups vie for $4,000 in grant prizes
The Putnam County Community Foundation has announced contest rules for the 2014 Share the Dream program.
The top three Community Foundation endowments that raise the most money between May 1 and Aug. 31 will split $3,000 in proportion to the amounts raised. An additional $1,000 has been set aside for endowments that receive planned gifts during the annual contest.
Six endowments have notified the Community Foundation that they intend to compete this year.
The Greencastle High School Alumni Scholarship, Bainbridge High School Alumni Scholarship, and the Putnam County Fairgrounds are returning champions.
Cloverdale Community Eye Care, North Putnam High School Alumni Endowment and Greencastle Summer Music Festival are newcomers to the contest.
"An organization's endowment provides a reliable source of increasing annual revenue, and is an important part of a diversified revenue stream for a nonprofit, church or unit of government," Elaine Peck, executive director of the Community Foundation, said.
"In 20 years, an endowment administered by the Putnam County Community Foundation will have nearly doubled in size and distributed more than was originally contributed," she added.
Share the Dream begins May 1 and lasts until Aug. 31. Program winners will be announced in September.
The Putnam County Community Foundation is a nonprofit public charity established in 1985 to serve donors, award grants and provide leadership, enriching the quality of life and strengthening community in Putnam County.
The Community Foundation administers more than 250 active funds and endowments for donors supporting a variety of charities.