Wednesday, February 24, 2010

February Update

Good Afternoon to everyone!
Since my last post we have received additional donations and I will start this posting by noting these donations. For the endowment fund, we received another memorial donation from Buzz and Joyce Dass. For the golf course project fund, we received donations from Steve Thomsen, Shirley Schnell, Dan and Joann Schak, Roger and Julie Isenburg, Harold Madsen, Mel Bornhoft and Pastor Lyle Snyder. To date, $205,550 has been raised for the Club House remodeling project, but it looks like they need between $80,000 to $100,000 to finish the project.

In regards to the endowment fundraising drive, the Tyler Area Community Foundation board of directors met on February 18th to identify individuals that will receive a fundraising request letter in the next couple of weeks. The endowment fund is like a savings account for the Tyler community. Your gift will be invested and never spent; only the income earned will be used for community grants. It is unrestricted in the sense that our local advisory board will direct grants based on local needs and opportunities that may change in the future. This flexibility will keep our community a viable and thriving place for years to come. We plan on using the letter to see if it is the most appropriate way to try and raise the remaining $11,000 needed to take full advantage of the $25,000 match challenge from our foundation partner, the Southwest Initiative Foundation (SWIF). Don't worry if you don't get a letter during this first round, we will working on ways to identify other individuals in the community to send our next round of letters. If you don't get a letter and you want to make an investment into the Community of Tyler, please send your donation to TACF, PO Box 239, Tyler, MN 56178 and make your check out to TACF with a note on your check that the donation be put to the endowment fund or the project fund(if you want to donate to the golf course project). Remember that any donation is tax-deductible and you will receive a receipt for your donation from the SWIF.

PS:Remember, when you invest in the TACF endowment fund, you invest in your community. Please send in your tax-deductible gift today.