Foundation breaks record, gives $190K in 2013
The Shenandoah Community Foundation has announced it had a good year in 2013 when its assets grew to almost $2.5 million, a record of the foundation. It did this while giving $190,000 in scholarships and grants, another foundation record.
Last year the foundation awarded $65,000 to 53 county high school graduates and another $50,000 to the Shenandoah County Free Clinic for its building program. In addition, the foundation awarded $71,000 to 33 other local charities and $4,000 to four charities located outside the area.
In a press release, the Foundation’s Program Coordinator, Jeanne Russell, said the foundation was able to increase the number of scholarships to students and that a number of new scholarship funds were started in 2013. More are already in the works for 2014, she said.
Foundation President, Jeff Dalke, added in the release, “Our theme in 2013 was a simple question, ‘What Is Your Dream For Our Valley?’ And this remains our theme. We are here to help county residents reach their charitable goals.”
The foundation is headed by 12 local residents who live in different parts of the county. Its most recent board additions, Patsy Morehead and Adele Skolits, live in the Strasburg area.
Foundation statistics for 2013 are as follows:
* 24.69 percent net asset growth
* $2.492 million in assets at year-end
* Four new funds started bringing the active fund total to 50
* Grants and scholarships awarded — $190,000
* Contributions received — $312,000
* Operating expenses — $33,900
The Shenandoah Community Foundation is a non-profit 501(c)(3) organization helping connect people who care with causes that matter. For more information, visit www.ShenandoahCF.org or call 540-459-7737.