Contributions coming in for Impact Fund

The newly established Hillsboro Area Impact Fund has been receiving significant contributions since the Nov. 6 kickoff banquet, according to board members from the Hillsboro Community Foundation.

At the banquet, it was announced that about $107,000 had already been committed toward the $250,000 funding goal.

Partly in response to follow-up phone contacts with people who attended the banquet, contributions totaled $124,750 as of Monday.

“We pleased with the response we’ve seen so far and hope more people will use the Impact Fund as a way to make a difference in our community,” said Mike Kleiber, HCF president.

He said current residents are encouraged to contribute, but part of the board’s intent is to provide a way for former Hillsboro residents who find financial success elsewhere to “give something back” to their hometown through a tax-deductible gift of money or commodities.

The Impact Fund principal will be retained in various investments through HCF. Earnings from the fund will be distributed within the Hillsboro area through an annual grant-making process.

Charities and projects will apply for a portion of the funds and then be evaluated by the foundation board for community benefit prior to being awarded.

Project might include such things as landscaping in the park, improving the local senior center and funding after-school programs and fine-arts events.

Kleiber said pledges made now to the Impact Fund can be funded at any time during the three-year campaign, which ends in December 2009.

In an effort to keep the campaign before the eyes of the public, the HCF board recently erected a fund-raising “thermometer” at the corner of Main and Grand and will update it periodically as contributions come in.

More from article archives
USD 410 board accepts Burton’s resignation as HMS principal
ORIGINALLY WRITTEN ALEEN RATZLAFF Hillsboro Middle School principal Corey Burton submitted his...
Read More