Fund is about halfway toward goal that will trigger match in excess of 100%.
Members of the Crookston Area Community Fund Advisory Committee on two occasions Thursday at Bremer Bank thanked early contributors to the fund, and got them fired up about the funds ties to the Crookston InMotion initiative, and the birth of the community's new Downtown Square.
The CACF committee hosted one reception over lunch, and a second one after work for those who have contributed to the fund.
"We wanted to thank as many of the first donors as possible and open up the discussion about some of the possibilities that evolved as a result of the Crookston InMotion Community Stewards process," explained Laurie Wilson, CACF committee member. "The development of the CACF will be one of the mechanisms by which such community projects can be realized. We also want to build excitement about the existence of a general community fund in Crookston."
The Crookston community has until June 2013 to raise the initial $50,000 for the CACF, which would be matched more than 100 percent as a result of an Otto Bremer Foundation pledge through the Northwest Minnesota Foundation. Crookston, one of a handful of communities with similar, new community funds in place, is around halfway to the $50,000 goal. So far, Wilson said, around 30 donors have contributed, including a few businesses.
If Crookston meets its endownment challenge, Wilson explained, the fund will actually earn approximately $110,000. "It's a tremendously exciting opportunity for the community of Crookston," she added. "We welcome donations large or small."
As a result of kick-off funding allocated to launch the fund, the CACF Advisory Committee has already approved and awarded approximately $10,000 in grants for various community projects.
Check out our "Local Videos" section to see a video of Amanda Lien and Laurie Wilson speaking Thursday at Bremer.