(May 17, 2019) The Community Foundation of the Eastern Shore recently presented a $32,195 check to the United Way of the Lower Eastern Shore.
Annually, more than $120,000 is distributed from the fund held at the Community Foundation to benefit the United Way. The check represents a quarterly distribution from the United Way of the Lower Eastern Shore Endowment Fund, established in 2002 as part of the Perdue-Kresge Challenge.
In December of 1999, the Kresge Foundation of Troy, Michigan selected Community Foundation of the Eastern Shore as one of six partners nationwide to participate in its Kresge Challenge to Build Community Capital.
The Community Foundation raised $1 million which was then matched by the Kresge Foundation for a total of $2 million.
Following the initial campaign, Community Foundation of the Eastern Shore received an opportunity to bring matching funds to local nonprofit partners.
The Kresge Foundation then issued a $2 million challenge, while the late Frank Perdue and his wife, Mitzi, made a $4 million gift to up the ante.
As a result, 19 local nonprofits were chosen to be eligible for a 1:1 match and build agency endowments held at Community Foundation of the Eastern Shore.
United Way of the Lower Eastern Shore was one of the beneficiaries, achieving one of the most ambitious fundraising goals of $1 million. The conclusion of the campaign in January of 2005 resulted in $12 million for agency endowments at the Community Foundation.
Today, due to sound investment strategy, the 19 agency endowment funds total more than $17 million and have distributed over $10 million in grants to their respective nonprofits. The Perdue-Kresge Campaign highlights the power of endowment and the lasting impact of this community fundraising endeavor.
The Community Foundation of the Eastern Shore connects people who care to causes that matter for the common good of the lower Eastern Shore.
CFES is a 501c3 nonprofit with an inspiring history of fostering charitable endeavors, and has provided more than $80 million in grants and scholarships to the local community since 1984.
It collaborates with individuals, families and businesses to match their charitable interests with community needs and strengthens local nonprofits through grants and resources.
It is devoted to improving the regional community and believes in the power of philanthropy.
Now in its 74th year, United Way of the Lower Eastern Shore provides funding and direct services for over 80 critical programs serving Wicomico, Worcester, Somerset and Dorchester counties.
United Way helps Eastern Shore residents obtain educational success by reducing the achievement gap between low and middle income students, financial stability by advancing the economic security of families and individuals in our community, and good health by improving access to and awareness of local health and wellness services.
United Way provides over $1.6 million to community programs, impacting one of every three individuals on the lower shore.
For more information on United Way or to get involved, visit www.unitedway4us.org or on Facebook @uwles.
For information, contact Victoria Kent, marketing officer, at 410-742-9911, or vkent@CFES.org.