Endowment fund tops $1 million
By Sara Waite
The Sterling Community Fund has surpassed a major milestone in its endeavor to serve as a lasting source of revenue for improvements in Logan County.
In anews release this week, the Sterling Community Fund Committee announced that the fund has exceeded $1 million in assets and pledges. “These are dollars raised in Logan County that will remain in Logan County,” the release states.
The community fund was established within the Community Foundation of Northern Colorado in December of 2017.
Reaching the $1 million mark came about as the result of “Under the Western Sky” Gala on June 1 at the Logan County Fairgrounds.
“Thanks to tremendous community support — including nearly 600 guests, 100 volunteers, 57 in-kind donors (restaurants, food vendors, auction donors, and others), and 52 sponsors — the event raised over $325,000. We are gratified that so many people in our community support this grassroots effort to bolster the future of Logan County,” the release states.
The community fund committee offered its thanks to the Gala Committee: Karen Burkholder, Marcia Burnham, John Chapdelaine, Cindy Hoal, Cindy Horner, Peter Sisneros, Julie Sonnenberg, Peggy Stoltenberg, and Karen Torres; as well as Food Committee members Trevor Bedsaul, Calvin Lee, Kim Sellers, and Ryan Virgil; and Auction Committee members Tina McEndaffer and Linda Meisner.
They also thanked the auction buyers: the Burnham and Jones families, Brent and Stacey Erickson, Dr. Bill Fredregill, Alan and Cindy Hoal, Industrial Welding, Jason and Nicole Koester, Marick’s Waste Disposal, Johnson and Associates, CPAs, Matt and Cindy Johnson, McEndaffer Feedyard, Linda Meisner, Rob and Rosie Nichols, Curt and Cindy Pilkington, Ted and Penny Propst, Jim and Becky Santomaso, Shawn and Jenifer Seifried, The Wright Law Firm and Victoria Yarrington.
The Sterling Community Fund’s goal is to be a sustainable source of funding for projects that improve the quality of life for those who live in Sterling and Logan County.
It is an endowment fund, which means that only earnings on the fund and specifically earmarked contributions can be used to support projects. Once the fund reaches $2 million, the committee will begin accepting grant requests from the community.
The committee has earmarked funds to support construction of Heritage Park, an urban park to be located at the corner of
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Guests at the Sterling Community Fund Gala enjoy food and drinks from over 20 food and drink sponsors.
Sara Waite / Sterling Journal-Advocate
Fourth and Main Streets in downtown Sterling. Among the features of the park is a massive Sterling Community Fund Founders Wall, which will recognize all donors who have made contributions to the Fund totaling $10,000; $25,000; $100,000; $250,000; or $500,000 by Sept. 1, 2021.
Beyond this date, granite plaques honoring those who have made contributions of $100,000 or more will be added to the Founders Wall as space allows.
“SCF encourage all who love our Logan County community to consider leaving a bequest — or memorial — to the Fund,” the fund stated.
For more information please visit our website at NoCofoundation.org, call Eastern Colorado Community Fund Director John Chapdelaine at 970-5801013 or email john@ nocofoundation.org.
Sara Waite: 970-526-9310, swaite@journal -advocate.com