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| Community Foundation reaches
$25M goal early |
Daily Camera -- Local digest
- June 16
June 16, 2004
BOULDER
Community Foundation reaches $25M
goal early
The Community Foundation Serving Boulder County has reached
its goal of raising $25 million in assets more than a
year ahead of schedule, the nonprofit announced Monday.
"We set this goal for assets because it
would mean that we could be absolutely assured of giving
away at least $1 million every year in grant money to
nonprofit groups," said foundation President Josie
Heath. The foundation pays out about 5 percent each year
on the value of its endowed funds.
In 2000, with just more than $10 million in assets, the
foundation's trustees set a goal to have $25 million in
assets by the end of 2005. Several large year-end gifts
in 2003 helped the foundation arrive at its goal early,
the agency said.
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