Annual Report for 2007
Noble County Community Foundation Activities 2007The Noble County Community Foundation completed its second full year of operations in 2007, following its January 2005 founding. The Board of Directors remains unchanged with Bill Brelsford, Kristi Close, Jeff Minosky, Andrea Hurst, Shawn Ray, Don Ullmann, Joy Flood, Judy McMullen and Sharon Tanner as members and Mike Lloyd serving as Secretary.
The NCCF began as an idea of interested individuals who saw the need for a local charitable organization in the county to accept charitable contributions to improve local quality of life and to benefit activities occurring in the county and the region.
The unrestricted endowment fund of the NCCF grew by 23.3 percent in 2007. From a beginning balance of $10,998.47 assets grew to $13,566.31 by year’s end.
Grants and Funds Received
The NCCF received $3,125 in donations for 2007. The largest donations in 2007 came from local financial institutions as both Peoples Bank and Community Savings made $1,000 contributions and Farmers and Merchants Bank provided an additional $500. These local financial institutions have made three-year commitments to fund the NCCF at this level.
The NCCF also continues to operate one donor advised fund with assets in excess of $51,000, which is designated to provide annual scholarships to graduates of Caldwell and Shenandoah High Schools. The NCCF continues to work with a local financial institution on a possible second educational scholarship endowment.