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CFGRB Endowment Challenge raises over $1 million
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Press release submitted by Community Foundation of the Great River Bend Community Foundation of the Great River Bend CFGRB Endowment Challenge raises over $1 million in permanent support for the Quad City Community BETTENDORF, Iowa – Supporters of fifteen nonprofit organizations contributed over $1 million to help those nonprofits succeed in the 2012 Endowment Challenge issued by the Community Foundation of the Great River Bend (CFGRB). The endowments funded by these donations and $75,000 in matching grants from the CFGRB will create a permanent, consistent source of income, allowing organizations to fulfill their missions for years to come. Nonprofits that raised $15,000 in new gifts for their endowment at CFGRB received a $5,000 matching grant for their endowment. Alternatively, nonprofits that raised $30,000 in new gifts had the option to add the $5,000 matching grant to their endowment or use it for current operations. Every year, 4.5% of endowment assets held at the CFGRB are distributed back out to the community to support the work of nonprofit organizations, while the principal remains intact as a permanent resource. Because gifts had to come from at least ten people, organizations had to spread the message of the importance of endowment. Jay Morrow, Superintendent of United Township, had conversations with alumni about how they could support the United Education Foundation, which provides scholarships to students and mini-grants to teachers. "We let them know that they could be significant in the future of our foundation, giving tomorrow's students the same opportunities that they had." CFGRB Vice President of Programs Matt Mendenhall agrees. "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." In total, 397 donors contributed to the 2012 Endowment Challenge. For all but one organization, the 2012 Endowment Challenge was their first time raising funds specifically for endowment. Children's Therapy Center of the Quad Cities, already an Endowment Partner, took the opportunity to grow their endowment. "In today's economy, a lot of organizational energy is focused on the 'now' – making sure we can provide services today," says George McDoniel, Executive Director. "The Community Foundation through their challenge match encourages us to focus energy on securing our future with endowment." Both Endowment Partners and CFGRB staff stressed the value of the partnerships they built through this process. Barb Melbourne, Vice President of Development at the CFGRB, says, "I am very proud of our partners who committed to building endowment for a sustainable future." Mark Drake, Executive Director of Youth Hope, says, "We are so excited about our new endowment with the Community Foundation! We received a generous match, a new partnership, new income, and unlimited long term potential." MEDIA CONTACT: Natalie Anderson, Director of Communications Phone: 563-326-2840 E-mail: natalieanderson@cfgrb.org Each Endowment Partner who met the match will be featured on the CFGRB Facebook page as "Endowment Partner of the Week" beginning January 28th. To learn more about the impact of these organizations and how you can make a difference, Like our Facebook page. 2012 CFGRB Endowment Challenge 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 Saint Anthony's Catholic Church – Davenport Scott County Family Y United Education Foundation Women's Choice Center Youth Hope CFGRB 2012 Endowment Challenge – By the numbers: Successful Endowment Partners: 15 Total gifts: $956,680.31 Total donors: 397 Total match: $75,000 
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Today is Thursday, May 23, the 143rd day of 2013. There are 222 days left in the year.
1863 — 150 years ago: Messrs. J. and M. Rosenfield have moved their leather and hidestore to the building formerly occupied by Temple Bufords's store. They buy and sellhides, pelts, furs, wool, beeswax, lard, tallow, etc.
1888 -- 125 years ago: The Rock Island Lumber Company has recovered 5,000 of the8,000 logs that were carried away by the Mississippi River flood last week.
1913 -- 100 years ago: John J. Ullemeyer has been awarded the contract to furnish RockIsland fire and police department members with uniforms, at the city's expense.
1938 -- 75 years ago: Work on Aledo's new $38,000 swimming pool was started thismorning at South Park when ground for the pool was broken by Mayor John W. Murphy.
1963 -- 50 years ago: Students and teacher at Moline High School called today "MissLeona Day" day at the school in honor of the government teacher who retires at theend of the school term. Although she's been teaching for 43 years at the school, Miss Dayfound a new way of arriving at the school this morning. At 7:30 a.m., a police squad carpulled up in front of Miss Day's home and escorted her to school. A caravan of students' cars joined the procession along the way.
1988 -- 25 years ago: Barbecue cooking and riverfront antics are planned for Discover the
River Day Saturday in Leach Park, Bettendorf. A 5K run, wind surfing, a canoe race, hogcalling and more will round out the day under the Interstate 74 bridge.
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