The Cassville Community Foundation is launching a new effort to raise money for its local grantmaking endowment fund. All contributions will be matched, dollar for dollar, through a challenge grant program being offered by Community Foundation of the Ozarks.
Members of the Cassville Foundation board voted recently to participate in the Harry Cooper Supply Company Campaign of the Ozarks Challenge, which is being offered to regional affiliates of the Community Foundation of the Ozarks, which serves as the Cassville Foundation's umbrella organization.
The challenge would allow the local foundation to receive up to $25,000 in matching grant money. Money raised through the challenge will go into the Cassville Community Grantmaking Endowment Fund, and interest from that fund will be used to fund local community groups and their projects.
To introduce the challenge to members of the Cassville community, the Foundation Board will host a special fundraising event at 4 p.m. on Thursday, Oct. 30 at the Barry County Museum on Highway 112 in Cassville.
The event is open to anyone interested in becoming part of an advisory board that will be formed to oversee the endowment fund and those who would like to donate money toward the Cooper Challenge.
"We want to gather together a group of people to begin thinking about the Foundation," said Landon Fletcher, chairman of the Cassville Community Foundation Board.
Currently, the Cassville Community Grantmaking Endowment Fund totals $33,982.80. The Foundation hopes to more than double that amount by raising $40,000 through the Cooper Challenge grant program.
"The idea of this challenge is to build up the endowment fund so we have more interest income to give out to local groups," said Fletcher. "The Cooper Challenge gives us the opportunity to raise funds and double our money."
Other members of the Foundation Board include: Susie Jacobs, Phil Hutchens, Dennis Baker, Angela Seymour, Gary Fields, Mike McCracken, Jerry Marple and Dan Angel.
"The board has regular discussions of how we will grant the funds, and we are currently in the process of setting up grant criteria," said Fletcher.
The Harry Cooper Supply Company Campaign of the Ozarks was designed to build and strengthen community-based philanthropy efforts. Unrestricted community endowment funds can be used to address immediate community needs and provide flexibility to address future needs.