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Sunday, May 1, 2016

Clay County Community Foundation has granted $1 million

Friday, April 21, 2006

March 28th marked a day in history that donors and recipients of the Clay County Community Foundation (CCCF) will remember for years to come. That was the day that the foundation granted its one millionth dollar in grants and scholarships. Just how much is $1 million?

Consider a swimming pool with 1 million gallons of water. The pool would have to be 267 feet long (almost as long as a football field), 50 feet wide, and 10 feet deep. Or, how long would it take to count 1 million pennies? A whopping 23 days -- counting day and night -- without food, sleep or even a bathroom break.

With the Clay County Community Foundation's one millionth dollar in grants and scholarships, the foundation has impacted Clay County in way that its founders could never have imagined. The original goal of the CCCF's early organizers was to endow one million dollars; a goal many people believed would never happen. Now the foundation's endowment exceeds $2.5 million.

"This is a tremendous milestone for the Foundation," said Dr. Charles French, Board President of the CCCF. "The foundation has evolved into a strong leader in the community."

The Clay County Community Foundation is a special type of organization. It receives, invests, and manages permanently endowed charitable funds. The key difference is that donors do not give to the foundation; they give through the foundation. Many individuals, families and organizations have set up permanent endowment funds in the CCCF. Sometimes the family of a deceased person creates a fund as a memorial to honor that person's life. Other times, charitable agencies create permanent funds to provide ongoing yearly support for their organization or one of its projects. But most often, individuals create funds because they want to make a generous gift to the community to improve the quality of life for others. Each year the foundation distributes the income earned on these funds as the original donor has designated to meet the charitable needs of organizations throughout the county. The foundation works primarily for its donors. When a donor sets up a permanent endowment fund, he or she specifies how the money is to be used.

The Clay County Community Foundation is a unique vehicle capable of working with donors to establish permanent endowment funds and then working with the community to distribute the funds' income to improve the quality of life. This work is an ongoing process that will take our county into the future. To learn more, please contact any of our board members or Brian Deakins at (877) 232-2230 or

brian@wvcf.com.

On the Web:

www.wvcf.com



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