The Door County Community Foundation has reached a significant milestone – for the first time in its history, the foundation’s assets now exceed $10 million.
Specifically, as of Sept. 30, the foundation’s assets are $10,184,874. As a basis for comparison, on Jan. 1, 2009, its assets were $4,147,585. This translates into an incredible average growth rate of 21 percent a year.
“Not only did we grow by more than $6 million in less than five years, our family of funds has given away $2.6 million to charity during that same time period,” says John Herlache, chairman of the Community Foundation’s Board of Directors. “Imagine how much good has been done in our community because of this level of giving. To see this much generosity in a county of our small size is simply remarkable.”
The Community Foundation has distributed $2,600,921 in grants to nonprofits and scholarships to local students since 2009.
“It wasn’t so long ago that our aspiration was simply to build a Community Foundation with $5 million in assets,” says Dick Egan, immediate past chairman of the Board of Directors. “It is a true joy to live in a place where people are so willing to give back to sustain and advance the community we love.”
For more information, contact Bret Bicoy at 920.746.1786 or visit givedoorcounty.org.