Wednesday, December 18, 2013
Columbia Gorge Community College welcomes generous holiday “giving” to ensure its grant match challenge goal.
Around the holidays, it’s no secret that nonprofit organizations worldwide rally for end-of-year donations. But critical needs must also be met in the Columbia Gorge region, including scholarships for student education. That’s why Columbia Gorge Community College hasn’t stopped its own plea for contributions to the CGCC Foundation endowment match challenge.
Thanks to a U.S. Department of Education Title III grant awarded to the college several years ago, CGCC Foundation has been spotlighting the benefits of investing in this perpetual “lifeline” for future student scholarships. With the grant challenge, contributions to the foundation endowment fund receive a dollar-for-dollar match up to $200,000 until the grant expires, Sept. 30, 2015.
Thanks to this unique aspect to the grant, any gifts to the endowment fund will essentially be doubled, making this an incredibly effective, sustainable financial avenue for rewarding and reinforcing positive student achievement in the future.
“The spirit of giving is undoubtedly alive in our region, considering we’ve already received over $120,000 in contributions and a recent, generous gift for an additional $12,000,” said Carina Schmidt, the foundation board’s chair and a member of the local community.
“But while we’re a little over halfway there in terms of meeting our goal, the pace and levels of giving must pick up if we’re to maximize this special grant’s potential. So with the holidays and year’s end upon us, we’re asking community members to contribute to this foundation, specifically this time-sensitive grant.”
While the CGCC Foundation has been encouraging community members to contribute to this grant match challenge, it’s also been noting a boost in scholarship need. Scholarship applications have increased over the past few years. Between 2012 and 2013, the college’s foundation awarded $132,000 in scholarship support to 104 students. Students benefit from financial relief for tuition and, in some cases, books and/or fees.
However, the perk for endowment contributors is supporting students in many ways, knowing this tax-deductible gift builds the fund’s principal, which remains untouched while the interest earned will be used to support scholarships over the long term.
“In a sense, this is an evergreen gift, or one that lasts forever,” said Dr. Frank Toda, who is both CGCC’s president and a member of the CGCC foundation board. “Once given, the money will go on to serve students today and in the years to come. Clearly, the more principal we have in this fund, the more interest we can earn and the more support we can provide to those students who so deserve it.”
Multiple, flexible options are available for giving to the endowment. To learn more or for specifics on the federal grant match challenge, visit gorgefoundation.org.
About Columbia Gorge Community College Foundation
The CGCC Foundation mission is to build dreams and transform lives by cultivating respectful relationships that promote lifelong learning.
The foundation was established in 1979 to advance and promote the interests and the development of Columbia Gorge Community College, its students and the community. It is an Oregon nonprofit 501(c)(3) organization, and donations to the foundation are tax-deductible as allowed by law.
To achieve the foundation’s mission, the foundation board and its staff solicit and administer charitable donations from individuals, organizations, and businesses.