July 10 is D-Day.
“D-Day meaning the deadline for the Twin Pike Family YMCA to complete the J.E. and L.E. Mabee Challenge Grant,” said YMCA Executive Director Marsha Garrison.
“For the past 12 months, our board of directors, fundraising committee and staff have worked extremely hard to raise $1.25 million dollars. These funds are about one-third of the $3.85 million estimated construction cost for the YMCA Phase III Project to build an indoor aquatics center and walking track. This is a huge amount of money for a Y our size to raise in one year.”
Garrison explained that the $1.25 million is the amount stipulated by the Mabee Foundation of Tulsa, Okla. that the Twin Pike Family YMCA must raise in order to receive a $500,000 donation from the foundation.
“This $500,000 grant is the final amount needed to complete fundraising on this project,” said Garrison.
Is the Twin Pike Family YMCA going to be successful in completing the grant challenge?
“We certainly hope so,” commented YMCA Fundraising Chair Charlie Perkins.
“As of July 3, we have less than $10,000 to raise in cash donations and signed pledges to complete the Mabee Challenge Grant. This doesn’t sound like much when you consider how far we’ve come since we started a year ago. But until the number below the bottom line shows we have $1.25 million in cash and pledges, we’re going to keep knocking on doors and making phone calls as long as we can.”
A public announcement concerning the outcome of the challenge grant will be made on Monday, July 15 at 9 a.m. The announcement will be made at the Twin Pike Family YMCA facility at 614 Kelly Lane, in Louisiana.
Perkins and Garrison reiterated that according to the grant guidelines, the YMCA may secure signed pledges, to help meet the challenge goal. Perkins also stated that donors have until 2018 to complete their pledge agreements with the Twin Pike Family YMCA.
“This type of grant makes it easier for some to donate to the project, because the payments can be spread out over five years,” said Garrison.
“We want everyone in our community – from individuals, to businesses, to churches and organizations – to know they can still contribute and make a positive difference in the outcome of this challenge,” Perkins added.
Of the funds raised, approximately $60,000 has been in the form of in-kind services.
“These are services that have helped us move forward on this project and that have a dollar value associated with them, Garrison shared.
“In-kind services are such things as printing, broadcast air time, equipment use, etc. The value of the in-kind services counts towards what we need to raise for the Mabee Challenge Grant, but we will still need to raise this amount in cash in order to cover all of the construction costs of the project.”
“This is one of the reasons we continue to push for more donations,” said Perkins.
“We want to have as much of the needed cash in hand so we can begin construction on the project as soon as possible.”