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HCC hits fundraising goals for matching grants

July 01, 2008

Hagerstown Community College has hit its fundraising goal in the Waltersdorf Henson Endowment Campaign, becoming the first participating group to do so, Community Foundation of Washington County MD Executive Director Bradley N. Sell said Monday.

With a check for $266,720, the college met its $800,000 fundraising goal two years before the end of the five-year campaign in 2010.

"All of the partners are pleased with the success of the campaign, and across the board, we continue to be well ahead of the fundraising schedule. It is very gratifying to see how the community has stepped up to support this matching campaign," Sell said in a press release.

Sixteen nonprofit organizations are participating in the fundraising campaign by building up endowment funds through the Community Foundation.

Their donations are matched by standing $2.5 million grants from the Richard A. Henson Foundation and the John M. Waltersdorf family.

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If all 16 groups meet their fundraising goals, the campaign will raise $10 million.

When it ends, the funds created will inject more than $500,000 per year into local nonprofits in diverse areas, including education, human services, environment, health care, recreation, and arts and culture, Sell said.

Nine of the 16 groups have reached two-thirds of their fundraising goals, the limit for receiving matching money.

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