TERRE HAUTE, IND. — The Wabash Valley Community Foundation has announced the distribution of over $490,000 in designated grants through the Community Foundation and its affiliates, Clay County Community Foundation and Sullivan County Community Foundation.
These grants come from the earnings off of agency endowed and/or designated endowment funds held within the Community Foundation.
“Designated funds provide a wonderful way for individuals to give back to their favorite charitable organizations,” Beth Tevlin, Executive Director of the Wabash Valley Community Foundation said. “These funds not only help sustain and grow local organizations, but also allow individuals to support the good work of a charitable organization in perpetuity.”
This past week, the Community Foundation distributed 154 grants totaling $430,000 to 78 nonprofit organizations in Vigo County.
Wabash Valley Health Center was one of the 78 nonprofit organizations in Vigo County to receive a designated grant from the Community Foundation.
“The [designated endowment] funds help us with general operational use,” Charlie Welker, Chief Executive Officer for the Wabash Valley Health Center said. “The power of endowment is the assurance of the continuity of funds being there indefinitely. Overall, this helps us with our case. Whether the dollars help with a particular project, piece of equipment, bus passes, whatever it is, we know it is impacting a life. These funds are so valuable.”
For more information about contributing to and/or creating a designated fund to benefit a charitable agency or organization, please contact the Community Foundation at (812) 232-2234 or visitwww.wvcf.org.