In the coming months, you’ll be hearing more about ways you can be involved in helping the Morton Community Foundation continue its good work in Morton. During the last decade, the MCF has become a part of this community and the community has embraced the mission and concept of what a Foundation can do and accomplish. Those accomplishments and efforts require dedication by staff and volunteers that work side by side to advance the goals and mission of the MCF.
As the MCF continues to grow, the Board of Trustees has created a plan to make sure the operations costs of the Foundation are met. They have established a two-pronged approach. They understand the need to meet the immediate costs for each year, as well as the need to plan for the future. The immediate operations costs are met by an annual fundraising event, donations from Trustees, as well as donations from businesses and individuals. At any time donors can make a contribution to the Today and Tomorrow Fund. The Today and Tomorrow Fund is designed to cover costs for each fiscal year.
The MCF Trustees also recognize the need to plan for the long-term sustainability of the Foundation. They have done that by creating an endowment fund called the Leadership Forever Fund. This fund is like other funds at the MCF. The interest generated from it is used for operations costs. The principal balance of this fund remains intact creating a permanent source of operational revenue for the MCF. The long-term goal of this fund is to reach the $3 million mark. At that time, the bulk of the operations costs of the MCF would be covered with the earnings from the Leadership Forever Fund. The Trustees recognize the $3 million mark may seem like an aggressive goal, but one that can be reached with commitment over a period of time.
For now, the MCF Trustees are asking donors to consider one or both of the funds for their charitable contributions. Donations to these funds assist the Trustees as they continue to plan for both today and for the future. All donations are important and impact the MCF. The long-term viability of the MCF depends on the continued support of donors at all levels. Thank you for your continued support!
After five years at its current location, the Morton Community Foundation (MCF) will be relocating to 105 E. Jefferson Street in downtown Morton. Apostolic Christian Services (Timber Ridge) has purchased the former Jefferson Street Clinic building and will use most of the building as offices for the support staff for their Community Integrated Living Arrangements (CILAs). Home administration has graciously offered the remaining part of the building for the Morton Community Foundation to use as its primary office space.
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