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City of EIk River <br />June 30,'1997 <br />Page 2 '/ <br /> <br /> In our eleven-year history, the Initiative Fund I'[as had a significant, lasting impact <br /> on residents in. the region: - <br /> · Distributing .over $16.5 million in )?ranis and loans' <br /> · ,Creating almost 3,000 jobs <br /> · Leveraging an additional $5,8 million in resources <br /> · Training 300 communi(~/~eaders <br /> <br /> !n Sherbume County, alone, the Initiative Fund h'as ilivested.~q88,849, providing <br /> valuable jobs and suppo.rting community and economic.development a~:tivitie's <br /> throughout the County. (See attached listing.) ,~ <br /> <br />As a regional foundation dedicated to strengthening the economic and community <br />development of our region,¢ the Initiative Fund must seek charitable contributions to <br />ensure the perpetuity of its Vital programs. Tflus, we are launchinga multi-~ear <br />campaign, ~,eeking a total of $6 million to support our grarit ancl loan programs, <br />build our endowment, and respojid to emerging needs of the region. <br /> <br />Of that $6 million, .$2 million will be raised thrbugh local Capacity'Funcl <br />Campaigns. TheSherburneC0untyCampaign goal is to raise $200,000 over the <br />next five years. Leadership support from cities throughout the county is vital to this <br />effort. TO date, we have received a total of $78,750 in casl~ and pledges from 35 <br />cities for this fund drive. (See attached ~:ontribution report.) <br /> <br />Several local leaders who support the Initiative Fund have 'made a commitment tO <br />lead this campaign. (See attached roster.) <br /> <br />We appreciate your consideration of this request, and would be happy to present <br />our request, in person, should you wish to sc_hedule us on an. upcomin8 City <br />Council meetin8agen~ja' Please feel free to contact Kathy Adams, Director of <br />Development, to arrange such a presentation. <br /> <br />· Sincerely, <br /> <br />Kathy Gaalswyk <br />Executive Director <br /> <br />I~nclosures: <br /> <br />Fact She. et, County prOject Listing, City Contribution Report, <br />Steering Committee Roster' and' Pledge Card <br /> <br /> <br />