A Partner For Gackle’s Future - North Dakota Community Foundation
Sunday, June 8th, 2008On March 13, 2008 community members attended a presentation by Kevin Dvorak on how the North Dakota Community Foundation (NDCF) might help Gackle develop its own endowment. While you haven’t heard anything since the initial meeting (click on Tri-County News below) I thought I’d bring you up-to-date on what’s happening.
Everyone left the meeting with great feelings of hope and everyone who attended felt that starting a permanent endowment would be good thing for Gackle. Such a fundraising vehicle would be a way for people to INVEST in the community for its long-term future. The invested “principle” can NEVER be spent, only the interest is used to make grants to benefit the community. This type of investment can be very attractive to individuals who want to make sure their contribution will ALWAYS make a difference to Gackle.
The initial investment to get a the endowment started is $25,000. North Dakota Community Foundation will match that with $5000. There are then future opportunities for dollar-for-dollar matches making the investment grow quickly. Of course, until the principle grows, the grants will remain small, but that can change with just a few large contributions.
During April and May, further discussions with NDCF have occurred. They are willing to help us get started developing “ask-strategies” for raising our first $25,000. They will also help us with putting together the Gackle Community Endowment board. The consensus is to wait until the Horizon’s program is complete before launching the endowment.
Gackle’s Horizon program has resulted in an atmosphere of change, a surge of community activism and an understanding of community needs. Some of these needs will be addressed this summer–clean-up, providing healthy, locally grown food/produce for the residents and providing cultural & social opportunities. All these activities will show that effort is being made to improve the town–we hope this will be an attractive incentive to investors in Gackle’s future.