Harmony Area Community Foundation
endowment grows to more than $50,000
Wednesday, January 22, 2014 6:26 AM
As of Dec. 31, 2013, the Harmony Area Community Foundation (HACF) has 28 individual and five corporate or organization Founders Club members. Another 17 individuals and four corporate or organizations are pledged Founders Club members. These 54 members and pledged members have contributed $40,050 to the HACF endowment fund. In addition, the foundation has received matching funds of $5,000 from the Southern Minnesota Initiative Foundation and $1,000 from Hickory Technology, Inc., (an employer match) along with numerous miscellaneous contributions. Additionally, a $2,500 Trust For A Better Harmony transfer and investment earnings bring the HACF endowment fund to $50,770 - all accomplished within the first 18 months of HACF's existence!
At present, HACF has received $5,000 whole note pledges from First Southeast Bank and Harmony Enterprises, Inc. Harmony Area Community Foundation thanks all its supporters for their generosity and quick response.
Organized as a fund of the Southern Minnesota Initiative Foundation, Harmony Area Community Foundation is a vehicle for donors wishing to make charitable contributions for the benefit of the local community, making Harmony the best it can be and providing a lasting legacy for generations to come.
A complete listing of current Founders Club members and pledged members can be found at the Harmony Community Center. The establishment of the Founders Club is one of the first steps in creating awareness and raising funds for HACF's endowment fund, as well as providing grant monies.
Becoming a Founders Club member requires a minimum investment of $1,000. Pledged members have 10 years to complete their commitment with a required minimum of $100 yearly. Contributions to HACF are tax deductible.
In April, a Founders Club appreciation/membership drive event will be held.
Please attend the Jan. 30 Fillmore Central girls basketball game against Rushford-Peterson in Harmony for the Give To The Max Day challenge award ceremony. Representatives from the Harmony Area Community Foundation will be accepting the Miken sporting equipment prize from the Rushford Area Community Foundation. Tim Penny, CEO of the Southern Minnesota Initiative Foundation, will also be present to recognize HACF's outstanding Give To the Max Day performance.