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ENF Grants additional $1.4
Million in Grants From the Elks National Foundation
Three things were front and center on the minds of the
ENF Trustees last weekend in Chicago:
1) The
incredible fiscal year just ended, which saw the endowment fund rebound
from a down year with 25.6 percent growth, record-breaking support from
the membership, and the biggest year for bequests since 1991-92.
2) Although the
Great Recession appears to have ended and the country is slowly
recovering, many people and communities are still hurting.
3) Since we
created the Community Investments Program in 2005, Elks Lodges have
found increasingly creative and effective ways to use our grant money
to improve the quality of life in their communities.
Meeting for the
first time this fiscal year on May 8 in Chicago, the Board voted
unanimously to spend an additional $900,000 on the Community
Investments Program to expand the philanthropic reach of Elks Lodges.
The money will
be used to double the dollar amount of Gratitude and Promise grants.
These grants will now be worth up to $1,000.
"We've been
so impressed by what the Lodges have accomplished with our CIP
grants," ENF Director Jim O'Kelley said. "We can't wait to
see what they do with twice the money."
"The
membership has been so generous in their support of the
Foundation," added Board Chairman Bob Sabin. "Now we're going
to help them do more for their communities."
In addition, the
Board increased the Bonus Grant pool to the state associations by
$500,000. The Foundation now will award $1.5 million in bonus grants
and a total of $7.9 million to the state associations. To see how the
Foundation will help your state in 2010-11, please click here.
The additional grants increase the Foundation's
operating budget for the year to an all-time high of $19.2 million.
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