The Clinton Herald, Clinton, Iowa

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October 4, 2013

Foundation wants new endowments

(Continued)

“There are a lot of charities and a lot of people who live in the Quad-Cities,” Koehn said. “When they put out this challenge they realized that 50 people in the Quad-Cities could take them up on this challenge before anyone elsewhere can get in on it. So, through the end of this calendar year they will reserve half of the pot for all of their affiliates.”

That $25,000 will be on a first-come, first-served basis to all CFGRB affiliates that can attain the three goals before the Dec. 31 deadline. If the affiliate endowment does not reach the goals before the deadline, it is still in the running for a CFGRB birthday grant, but the competition will be thick.

“We want to make sure that if we want to get some of that pool of money, the community foundations need to be encouraged to go ahead and get theirs set up before the end of December,” Koehn said. “Those endowments still have a chance to get some of the money after Dec. 31, but if we want to improve the things we feel most passionate about in the community, it’s something that needs to be done quickly.”

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