An endowment challenge has led to $1 million in contributions to 15 nonprofit organizations supported by the Community Foundation of the Great River Bend.
The endowments funded by the donations will be matched by $75,000 in grants from the foundation.
Nonprofits that raised $15,000 in new gifts for their endowment received a $5,000 matching grant for their endowment. Those that raised $30,000 in new gifts received a $5,000 matching grant for their endowment or to use for current operations. The gifts had to come from at least 10 people, so organizations had to spread their message.
“While the $5,000 award is certainly helpful to these organizations, increased stakeholder awareness of endowment as permanent support for a mission they care about will have much greater value over the long run,” Matt Mendenhall, the foundation’s vice president of programs, said.
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A total of 397 donors contributed to the challenge. Organizations that met the match will be featured on the foundation’s Facebook page as “Endowment Partner of the Week” beginning Jan. 28.
Those meeting the challenge were: Bettendorf Community Schools Foundation, Catholic Diocese of Davenport, Children’s Therapy Center of the Quad-Cities, Eastern Iowa Community College District Foundation, Family Resources Inc., German-American Heritage Center, Habitat for Humanity, Handicapped Development Center, Midwest Writing Center, Oakdale Memorial Gardens, St. Anthony’s Catholic Church in Davenport, Scott County Family Y, United Education Foundation, Women’s Choice Center and Youth Hope.