Education Foundation shatters endowment goal
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Education Foundation is large step closer to goal
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Thanks to the generosity of an anonymous donor, the Education Foundation of Teton Valley has an opportunity to invest $500,000 in an endowment to ensure the future sustainability of the organization. The donor, who will match up to $250,000 in contributions to the endowment, gave the local nonprofit five years to collect the other half. Over the course of the first two years, the board was able to raise approximately $210,000 during the private phase of fundraising. Now, as the effort moves into the public phase, the organization hopes to finish strong and collect the remaining $50,000.
âOne of my goals has always been to make the nonprofit sustainable,â explained Pam Walker, who is the outgoing executive director of the Education Foundation. âWith this endowment, we could weather bad times, or, if we have a really great project idea, we would be free to implement it immediately without having to first navigate fundraising.â Walker has been at the helm of the Tet