2020 MATCHING OPPORTUNITY
In June 2020, founding Board member John Rothenberger and his wife, Gloria, gave $25,000 to WAEF to establish the Foundation Sustainability Endowment Fund and another $25,000 to establish the Wyomissing Scholarship Fund. This unprecedented level of generosity to WAEF inspired long-time Board Treasurer, Ann Cesarz White, and her husband Doug White, to pledge up to $25,000 as a matching challenge to encourage more giving to WAEF.
Because of generous donors like the Rothenbergers and the Whites, we are presenting this incredible opportunity for you to DOUBLE YOUR IMPACT!
All gifts given to WAEF by 12/31/2020 will be MATCHED dollar for dollar by Ann & Doug White, up to $25,000. Ann and Doug’s gift will support our endowment and strengthen WAEF’s long-term financial stability. You may select that your gift supports either the endowment or the Annual Campaign.
What is an endowment? Financial endowments are typically structured so the principal amount invested remains intact, while investment income is available for immediate funding for use to keep a nonprofit operating efficiently. Each fiscal year, WAEF’s Finance Committee will work with our investment advisors to maximize invested funds and determine the payout rate into our budget for the year. This fund will continuously generate dollars for our foundation’s budget in perpetuity.
What is Annual Campaign? An annual campaign is best described as a campaign conducted every year for the purpose of raising money to assist in paying a non-profit organization’s regular, ongoing expenses. The annual campaign is usually an organization’s primary source of unrestricted contributed income and should be a mainstay of its fundraising efforts.
Because of supporters like you, WAEF has been able to provide a 25-year history of enhancing educational opportunities in the Wyomissing Area School District. We understand some of our supporters have been financially impacted by the recent crisis, and we recognize that you may be unable to give to the capacity you’ve given in the past. If you have not been negatively affected, please consider continuing your support or increasing your giving this year. We anticipate that this year will bring unique grant requests, and we want to be prepared to support the school district as much as we can.
Thank you for making our work possible and for helping us to maximize this wonderful opportunity!
If you would like to participate in this matching opportunity, imply send your check or donate online by 12/31/2020, and Dr. and Mrs. White will MATCH your gift! Please be sure to indicate whether you would like your gift to support our Annual Campaign or our Endowment.