21 Nov 2014 Match Day raises $62,918 in 11 hours!
Between 7 am and 6 pm, 122 donations contributed a minimum of $25 to help one or more of the six participating organizations leverage $15,000 in match incentives. Additionally, there was $2000 in prize incentives for number of donors throughout the day.
All donations were placed in the organizations endowment fund administered by the Foundation. An endowment is invested for the purpose of producing present and future income for annual distribution. An organizational endowment, such as for the Match Day participants, provides a permanent income source to be used for operating, programming or special projects as determined by the organization’s board.
Gifts were matched dollar for dollar up to $15,000 to qualified organizations. Matching funds were made possible by a grant from the unrestricted Community Fund. The unrestricted fund allows the Foundation the ability to make grants addressing current and emerging needs with proactive grant making since donors do not place grant or use restrictions on the fund.
Each organization was given marketing material including posters, insert cards, donor letters and flyers to promote the day. The response was overwhelming and donors demonstrated they are willing to support gifts centered on building strong endowments to secure an organization’s future.
2014 Match Day results
PARTICIPATING ORGANIZATION and TOTAL DONATIONS RECEIVED
Angel’s Attic — $2652.00
Cradle to Crayons Child Care Center and Preschool — $1829.00
Moundridge Public Library — $2389.00
Moundridge Senior Center — $51174.00
Swiss Mennonite Cultural and Historical Society – $4612.00
USD #423 Education Fund – $1262.00
MATCHING FUNDS – Each participating organization will receive a dollar for dollar match up to $3000 from the Moundridge Community Foundation. Based on the organization’s needs, they may elect to add all or a portion of the match to their endowment or receive the match as a grant for immediate needs.
PRIZE INCENTIVE RECIPIENTS– the following organizations received additional gifts for having the largest number of donors bringing their contribution to the Foundation during designated times throughout the day.
Get the Party Started – 7 am – 9 am Moundridge Senior Center $500.00
Lunch Bonanza – 11 am – 1 pm Moundridge Public Library $500.00
Afternoon Blitz – 2 pm – 3 pm Angel’s Attic $500.00
Happy Hour – 4 pm – 6 pm Angel’s Attic $500.00