Tag:Charity
The Roger Umbaugh Impact Investing Fund
A little history…
I’ve talked about my friend, Roger Umbaugh, a couple of times here. Roger was a past board member of on the Marshall County Community Foundation (MCCF). While on that board, he was also on the MCCF Investment Committee. When I joined the MCCF board, I also joined the MCCF Investment Committee.
One of Roger’s goals was to get MCCF into a better home. While the generosity of Key Bank was always appreciated, it was not always the best solution. On top of that, the Community Foundation had grown and needed more space than was available at Key Bank. When financing for the community pool project was under discussion, Roger found a way to finance it using New Market Tax Credits and to put MCCF in a position to facilitate this while also getting a new home as part of the deal.
Another of Roger’s goals was to see some of MCCF’s investment funds invested back into the community. He always thought it would serve two purposes… providing some income and doing good in the community. At the start, he didn’t know that there was a name for this: Impact Investing.
When the New Market Tax Credit project needed additional funding, Roger broached the subject of MCCF providing the funding gap as a loan. This resulted in $500k of Community Foundation funds be loaned to the project. This was a win-win for MCCF and project.
After Roger’s passing, I wanted to carry this forward for him. In his name, I championed designating the $500k as the start of an Impact Investing Fund. I also suggested that the fund be named the Roger Umbaugh Impact Investing Fund. The board voted to approve both measures. I have the feeling that this will be a draw to a different kind of donor for the Community Foundation. Another win-win.
This is still new. I have sat in on a seminar on Impact Investing. I have done a little research. There appears to be a lot of different ways we could approach this. At the last MCCF board meeting, I suggested that we should start this process by setting some goals which we’ll be doing in a future meeting. This seems to range from self-run scenarios to hands-off options where 95% of the heavy lifting is done using outside financial institutions.
So… I’m throwing this out here to see if there is any input from followers. This is your chance to add suggestions on how this new venture should be structured. Any ideas? Contact me by email (mail@easterdayconstruction.com) or feel free to use the comments.
CULVER BOYS & GIRLS CLUB FUNDRAISER AT THE LAKEHOUSE GRILLE
It is great to see our friends and community leaders at The Lake House Grille supporting the Culver Boys & Girls Club, another great group working to improve lives in our community. Please consider coming out and supporting our current community leaders as they support future community leaders!
Eagle Scout Project
Easterday Construction was pleased to support Chris in his Eagle Scout project for Miller’s Senior Living. Great effort!
Habitat For Humanity at Sand Hill Farm
Image from Habitat for Humanity of Marshall County website
I have always had a plan to include a Habitat for Humanity site at Sand Hill Farm. I recently met with representatives of Habitat for Humanity of Marshall County and the Town of Culver to discuss this. They were excited about the opportunity and were happy to provide additional information.
If you’re interested in possibly participating in a Habitat Home at Sand Hill Farm, I encourage you to look at the information on their site and fill out an application. Copies of the application can be found on their website here and can be picked up at the Town Hall in Culver. The plan would be to offer a home in late 2018 or sometime in 2019. Once accepted, an applicant must put in 100 hours of service before the build starts, so the sooner you start the process, the better.
Habitat for Humanity is always looking for volunteers, so if you would like to volunteer you can check out those opportunities on their website here. If you would like to contribute, they accept donations directly at: 116 South Walnut Street, Plymouth, IN and for convenience, you can also contribute to them through Marshall County Community Foundation where they have an established fund. The Community Foundation site accepts credit card donations.
Relay for Life – 17
The article to the right appeared in the November 3rd issue of the Culver Citizen. Everyone here at Easterday Construction Co., Inc. is proud of our part in making this possible. Several of us walked at the event in memory of Kathy Pearson, a dear friend and co-worker, who was taken by breast cancer. Thank you to Julie Heise for organizing our group. She brought her whole family out for the event. Thanks to Scott & Connie Bennett for their help as well.
Congratulations to the organizers for winning the national award. Just from the effort it took to get a team together, we understand the phenomenal effort it took to put the event together. From the band to the food to the organization of the event, we were impressed with it all. Great Job!
