The United Way of Kent County recently established a permanent, endowment fund through the Mid-Shore Community Foundation to provide an ongoing source of financial support for the work of the Kent County United Way. Bill Noll, President of UWKC and Stuart Bounds, President of MSCF jointly announced the formation of the partnership, which will give United Way of Kent County supporters an additional and more enduring way to help support its local member agencies. Until now, The Kent County charity has relied solely on annual appeals for support.
The United Way established the planned giving fund as an option for individuals who wish to contribute enduring support for the mission of the United Way of Kent County through bequests, or other charitable trusts. The new fund will be particularly important in situations where economic conditions make it difficult to raise the necessary funds through its annual appeal.
Bill Noll notes, “Our local United Way, headquartered in Chestertown has been providing funds to high value charitable organizations in Kent County for 55 years. We focus on supporting critically important health and human service needs in the county. With the new planned giving fund, we expect, over time, to create an even stronger United Way to support high quality charities that make a real difference in our community.”
The Mid-Shore Community Foundation will also sponsor a Charitable Gift Annuity for clients that wish to name the Kent County United Way fund as the beneficiary of their annuity contract. Stuart Bounds, President of the Mid-Shore Community Foundation noted that the Foundation has offered its expertise and its assets to back these annuity contracts: “We believe that Charitable Gift Annuities are an effective way to direct charitable assets into the United Way of Kent County Fund and at the same time provide the annuitant with a guaranteed source of income. Ultimately, we need to build this endowment so that the agencies in Kent County that depend on the support from the United Way will have an added and stable source of revenue to back up the annual contributions to the campaign.”
Through its annual fund raising efforts, the United Way of Kent County provides grants to 23 member agencies in four areas: investment in youth; emergency services; crisis intervention; and grants to foster self-sufficiency.
The United Way of Kent County is one of more than 60 nonprofit organizations that have established permanent funds with the Mid-Shore Community Foundation. The Foundation recently celebrated its 20th anniversary. Over that period the Mid-Shore Community Foundation has received more than $42 million in contributions and made over $13.4 million in grants to benefit Caroline, Dorchester, Kent, Queen Anne’s and Talbot counties.
Information on the United Way of Kent County Fund is available on request from MSCF by contacting Robbin Hill, Chief Program Officer, at 410-820-8175, or email@example.com. Information is also available at www.mscf.org.