Advertisement

Community Foundation plans $10 million endowment challenge

October 16, 2004

The Community Foundation of Washington County plans to announce next week an endowment challenge to benefit local nonprofit organizations.

Details and guidelines still are being worked out, according to Executive Director Brad Sell, but a news conference to announce the Waltersdorf/Henson $10 million Endowment Challenge has been scheduled for 4 p.m. Thursday.

The Community Foundation exists to encourage philanthropy, Sell said. Charitable donors establish endowments for nonprofit groups, and the foundation invests and manages the money. Grants then are distributed to organizations that qualify under the donors' guidelines.

Advertisement
The Herald-Mail Articles
|
|
|