Grand Forks Credit Union commits to build
their legacy with an endowment fund
in the Phoenix Foundation!
The Phoenix Foundation will be $1 million richer with a generous commitment from the Grand Forks Credit Union announced Thursday, Jan. 19.
The credit union, who donated $100,000 each of the last two years to the Phoenix Foundation, will continue donations into the Grand Forks Credit Union Community Endowment Fund until the fund reaches a principal value of $1 million. The amount donated from year to year will be determined by the annual profits of the credit union.
"This will be a significant long term commitment to the legacy of the Boundary area," said Michael Strukoff, board chair for the Grand Forks Credit Union. "On behalf of our members we are pleased to give this donation."
See the full story here!
Below:
Phoenix Foundation board members and founding members (left) join the Grand Forks Credit Union board of directors (right) for the legacy announcement! Photo, Erin Perkins
2012 Call for Proposals now open!
Does your organization have an idea for work that will benefit our Boundary Communities?
Need some additional funding to match funds from another funder?
Do you have an idea that will address VitalSigns issues from our 2009 report?
Click here to go to our grant application page for information
on how you can apply today!
New this year: Grand Forks Credit Union community fund will be providing grants for the first time. Application guidelines for the Foundation apply to this fund too. Areas of priority for these grants are: health and wellness; environment; and work/economy.
2011 Annual Report available click here!
Interested in helping the foundation? Have you thought about joining the board of directors? Contact board chair Leda Leander to discuss opportunities at the foundation - 250-442-8045
