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| | 01/08/2009 | | Eight nonprofit organizations have received funding from the Lancaster County Community Foundation to help bolster their financial future. Through an Endowment Matching Program, $80,000 – up to $10,000 for each organization – in matching funds were awarded to encourage nonprofits to consider endowments as a part of their long-term strategies.
“Endowments can play a vital role in the long-term sustainability of nonprofits. Many organizations are considering endowments as a part of their long-term strategies. Even given the economic challenges faced by organizations today, long-term financial planning through endowment building remains a priority,” said Sam Bressi, President & CEO of the Community Foundation.
The endowments will provide a permanent and reliable source of income that can be used at the discretion of each organization. The permanent pool of funds will grow over time through additional donations and investments.
The eight organizations to recieve the matching funds are: |
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