|December 7, 2017
Local Nonprofits Build Forever FundsThe
challenge has been met! Seventeen local nonprofits undertook the Outer
Banks Community Foundation’s Matching Fund Challenge, issued earlier
this year, to raise $2500 each for permanent endowment funds.
through the Community Foundation
And all seventeen groups met or exceeded the challenge, raising needed funds to sustain their organizations in perpetuity.
The Community Foundation matched the dollars raised, $2500 per group,
and also offered marketing grants to help the organizations publicize
their funds to the public.
The endowments will provide vital, perpetual support for a wide range
of local causes, from health care to the arts, fire protection to
animal welfare, children’s needs to historic preservation.
“The goal of our challenge was to help diverse local nonprofits
establish and build endowments for their organizations’ future,”
explained Lorelei Costa, the Community Foundation’s executive director.
“An endowment can be so helpful to a nonprofit, because it is invested
to provide the organization with sustainable, easy funds each and every
The successful participants in the Matching Fund Challenge were: Beach
Food Pantry, Chicamacomico Historical Association, Children & Youth
Partnership, Community Care Clinic, Dare County Arts Council, Dare
County Boat Builders Foundation, Food for Thought, Friends of the Outer
Banks History Center, Hatteras Island Cancer Foundation, Hatteras
Village Civic Association, Interfaith Community Outreach, NC Lions VIP
Fishing Tournament, Ocracoke Fire Protection Association, Ocracoke
Community Radio, Outer Banks Hotline, Outer Banks Relief Foundation,
and Outer Banks Sporting Events.
Five additional organizations received marketing grants to publicize
their funds: Dare Education Foundation, Elizabethan Gardens, First
Flight Society, Ocracoke Youth Center, and Outer Banks SPCA.
“Here on the Outer Banks, the competition for grants, donations, and
business sponsorships has become so incredibly fierce,” said Ms. Costa.
“An endowment, on the other hand, is invested to provide dependable
funding for a nonprofit for countless years ahead.”
“In establishing endowments, these nonprofits are investing in their
future and creating ideal vehicles for donors who wish to give them
sustaining support,” added Ms. Costa.
Anyone can contribute to any of the endowments created through the
Matching Fund Challenge, or to any of the 40 other nonprofit and church
endowments managed by the Community Foundation. Donors are encouraged
to donate online at www.obcf.org/donate, or by contacting the Community Foundation at 252-261-8839.
The Outer Banks Community
Foundation is a public charity that connects people who care with
causes that matter. The Community Foundation manages $17 million in 175
charitable funds for individuals and agencies, awards grants to local
nonprofits, administers 50 scholarship programs, and provides tailored
services to help donors pursue their charitable interests. Since its
inception in 1982, the Community Foundation has awarded more than $8
million in grants and scholarships to local nonprofits and students.
The Community Foundation provides tailored services to help donors
pursue their charitable interests. For more information, go to
www.obcf.org or call 252-261-8839.