“This is the result of what a great community is made of,” said HCF chairman Mike Kleiber in a memo to foundation board members announcing the successful completion of the campaign.
More than 100 donor households and businesses pledged funds toward the campaign.
Earnings from the Impact Fund endowment will be distributed annually within the greater Hillsboro area through a grant application and selection process.
According to the HCF board, successful applicants will be those who assist in fulfilling the foundation’s mission to improve the quality of life for the community.
The Impact Fund is an open fund and will continue to accept contributions to build the endowment.
“The founding contributors have played a key role in establishing the fund with a substantial base on which to build,” according to HCF board member Brad Bartel.
In addition to Kleiber and Bartel, the board members are Jayson Hanschu, Jim Brennan, Delores Dalke, Jared Jost, Clark Wiebe, Keith Harder, Kim Kaufman and Lynette Barkman.
Questions about the fund or the grant-application process may be directed to any board member.