August 24, 2000
Seeley Swan Pathfinder
Seeley Lake, Montana
The recently formed Seeley Lake Community Foundation (SLCF) has raised more than $7,500 for its permanent endowment fund, the amount necessary to qualify for a $2,500 matching grant from the Montana Community Foundation (MCF).
Loren Rose, President of the SLCF said, "Members of the Board are extremely pleased to clear this first hurdle. We are off to a good start and we are looking to pick up the pace of activity as we complete all the organizational work necessary to start the Foundation."
Specifically, Loren said the Board will apply for a second challenge grant from the MCF. This time, SLCF must raise an additional $15,000 for its permanent endowment fund to qualify for a grant of $5,000. Income from the fund invested by the MCF in their professionally-managed portfolio will be used to support charitable needs of Seeley Lake.
The Board is looking to use the income from the fund to underwrite a small grants program as soon as there is a minimum of $2,500 to distribute. Grants will be for local groups to support projects that they present to the SLCF.
In the meantime the SLCF is pleased to be able to assist organizations such as the Historical Museum obtain the just-announced $1,200 grant from the MCF to help support their Antique Road Show event.
The next round of general grants from the MCF is for projects in the field of education. Requests for grants up to $5,000 will be reviewed this fall. The application deadline is September 15. To obtain the application form or information about the program call Stan Nicholson, Secretary of SLCF at 677 2517.
Individuals or groups who would like to learn more about the Foundation or contribute to the endowment fund should call Stan, Loren or any other Board member - Larry Marx, Mary Ann Morin, Anita Richards or Mark Williams.