Foundation launches SLT matching fund challenge
The El Dorado Community Foundation has announced the kickoff of its South Lake Tahoe Area Matching Fund Challenge.
The El Dorado Community Foundation provides the perfect vehicle for people who would like to have a permanent effect on South Lake Tahoe through philanthropy, but are not sure how to go about it. The foundation is one of more than 600 community foundations around the country where donations of all sizes are pooled and professionally invested as a permanent endowment to benefit a specific community.
Once a donation is made, or an endowment fund is started, these funds provide permanent ongoing funding for the group or organization of one’s choice. In 2001 alone, the foundation distributed almost $400,000 in grants. Much of those funds went to West Slope needs because most of the donations to the foundation came from West Slope residents.
The El Dorado Community Foundation has started a South Lake Tahoe Area Fund with a $1,000, dollar-to-dollar match that will specifically make grants to South Lake Tahoe causes. The fund is already endowed with more than $20,000, and to ensure that it grows much larger is holding the South Lake Tahoe Area Matching Fund Challenge. Fifty thousand dollars has been earmarked for the agency endowment challenge piece of this campaign and another $50,000 for the match into the SLT Area Fund for donations made between July 1 2002 and June 30, 2003. The matched funds go directly into the South Lake Tahoe Area Fund.
This challenge provides an opportunity for people to ensure a permanent legacy of funding to the South Lake Tahoe area as well as the local cause that matters to them. People can give a little or a lot. They can zero in on what matters to them. The El Dorado Community Foundation lets people have philanthropy their way.
The foundation solicits and manages charitable gifts through an endowment fund. Foundation grants are awarded throughout El Dorado County in support of local nonprofit services and programs. Individuals and nonprofit organizations interested in learning more about their charitable dreams are asked to write to Stephen M. Healy, El Dorado Community Foundation, P.O. Box 1388, 3097 Cedar Ravine, Placerville, CA 95667, phone (530) 622-5621 or e-mail email@example.com.