Thursday, one of the Wabash Valley’s not-for-profits received the first of several designated grants from the Wabash Valley Community Foundation.
The Foundation announced that nearly $500,000 in designated grants will be awarded to non profits and organizations in Clay, Sullivan and Vigo Counties.
Today, the Sheldon Swope Art Museum received nearly $66,000 in designated grants.
Executive director Beth Tevlin calls this an exciting day for the Wabash Valley and stresses the importance of such funds for these organizations.
“It’s money that they do not have to raise each year,” Tevlin said. “It represents a portion of their operating budget, and they just have the assurance of knowing that come again another year, as long as they are fulfiling their charitable goals, there will be another distribution coming toward them to support their operations.”
The Swope Museum grants are comprised of 16 separate endowed funds in total.