The deadline for a $200,000 matching challenge through Gorge Community Foundation is approaching quickly, and members of the Hood River Library Foundation are hard at work doing their part, according to Dan Spatz, the community foundation’s director.
The library foundation has one of more than 70 endowments managed by Gorge Community Foundation, which announced the challenge — made possible by an anonymous donor — in March.
The grant will match up to $200,000 raised between now and June 30 by non-profit organizations with endowments currently managed by Gorge Community Foundation.
The match will be awarded on a dollar-for-dollar basis: for every new dollar raised, the challenge grant will match one dollar up to a cumulative total of $200,000.
If total funds raised exceed $200,000, the match will be pro-rated accordingly.
Hood River Library Foundation’s fundraising goal is $25,000, which would generate $25,000 from the challenge grant for a total of $50,000.
To spur contributions, library foundation board members are offering their own match: 50 cents for every $1 raised, up to $5,000.
“The Hood River Library Foundation is making great use of this opportunity, and we encourage other Gorge Community Foundation organizations to follow this example,” Spatz said.
So far the library foundation has raised more than $10,000 toward the match, including two contributions of $2,500 each.
Individuals wishing to help the library foundation build its match are invited to contact Mike Schock, 541-386-8898 or michael.schock @charter.net, or Stan Sales, 541-806-4400 or stanjsales@gmail.com. Other questions about the challenge may be directed to Spatz at gcf@gorge.net.
Gorge Community Foundation supports a wide variety of services on both sides of the Columbia River Gorge, with cumulative assets valued at more than $5 million.
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