Connect to a Cause Lives ON!
Last week our community rallied together to support 65 non-profit organizations doing incredible work in Lorain County during our second annual Connect to a Cause crowdfunding campaign. We thank you on behalf of all the fantastic non-profits that participated in this successful day of giving. While Connect to a Cause was just 12 hours, a portion of the funds raised that day will support the organizations into perpetuity.
This year, each of the 65 participating organizations committed at least 25% of their funds raised to go to their endowment. Some organizations further committed that everything contributed that day would go to their endowment. This means that funds donated during Connect to a Cause provided BOTH immediate discretionary impact on our most urgent community needs and will be part of the perpetual funding that each non-profit draws from on an annual basis here at Community Foundation of Lorain County (Community Foundation).
raised in 12 hours
The Community Foundation manages endowment funds for various non-profits serving our region. You may have learned about some of these organizations during Connect to a Cause as we focused on Health & Human Services, Education & Youth, Arts & Culture, and Strengthening Lorain County. You may have also noticed school districts like Avon, Avon Lake, Firelands, Lorain, and North Ridgeville participating in the event. This is because all the Lorain County school districts have endowments with Community Foundation as well. Finally, places of worship like Community Congregational United Church of Christ, who also participated in Connect to a Cause, have endowments with us.
Endowments can be used to earn an ongoing income for operating expenses and other needs without relying solely on new contributions, ensuring each organization’s stability and vitality. Giving to endowments is especially attractive to donors interested in sustaining and supporting a favorite non-profit organization beyond a single fiscal year.
If you missed Connect to a Cause, it is not too late to support these endowments with a gift directly to the organizations’ existing funds at Community Foundation. The end of the year is approaching quickly, which means it may be a great time to look at gifts from your IRA or personal stock portfolios. I am happy to assist with giving to an endowment or any other giving strategies you would like to discuss.
We are so grateful to those of you who supported Connect to a Cause. Your passion for causes that matter help us cultivate a culture of philanthropy in Lorain County. Donors like YOU help benefit our local organizations today, tomorrow, and forever.