The Clarkfield Area Community Foundation and their endowment are “movin’ on up” after a $10,000 pledge was made by the city of Clarkfield at their regular council meeting on June 4.
As earlier reported, F&M Bank in Clarkfield has already offered matching funds this year for each dollar given to the CACF permanent endowment fund up to $15,000. That leaves the organization just $5,000 short of their fundraising goal of $30,000 for this year.
The CACF was formed in 2008 to develop a permanent endowment fund to benefit the Clarkfield area community. It is the second time the F&M Bank has offered matching dollars to the foundation, gifting $25,000 in in-kind funds to the foundation in 2009, but this is the first time the city of Clarkfield has made such a donation to the organization. Although Clarkfield has, in the past, made donations to the Southwest Initiative Fund who oversees the CACF’s permanent endowment.
Currently, according to CACF Chairman Berdette Schoep, the foundation’s permanent endowment is at about $130,000 and has gained roughly $25,000 in earnings. In recent weeks CACF granted out $3,900 to worthy, non-profit, community projects.
Last year the CACF gave to a wide range of community projects: $895.33 went to the Clarkfield Area Charter School to help them in starting an after school program for students; $500 went to the Young Families of Clarkfield—led by Katie Zuraff—to help with a playground renovation at North Park; another $500 went to Pastor Mildred Rodriquez and the Ministerio El Samaritano Bueno for air conditioning in the church; and still another $500 was given to the city of Clarkfield itself for construction of a Frisbee Golf Course in North Park.
“As the endowment grows our ability to give grants also grows,” Schoep told the city council on June 4.
One concern for the council, as they discussed the $10,000 donation CACF had asked for, was that the expenditure was not included in the city budget. Yet CACF’s growing impact on the community and the fact that the city itself has benefitted from CACF’s grants, quickly assuaged that concern.
“I really thought we had already done something like this,” said councilman Robert Schlenner referring to the city’s donation. “We never really have money for these things, but it’s a matter of priorities. It’s important to support CACF and all the work they do in our community.”
As recently as this week, CACF announced that in the next round of grant giving they will have about $5,200 to disperse. Over the last three years, $8,270 in grants has been shared among thirteen various area groups.
Contributions to the CACF, which will be acknowledged by a receipt for tax deduction purposes, may be sent to: Clarkfield Area Community Foundation, P.O. Box 387, Clarkfield MN. 56223