Iosco County Community Foundation Finishes First Quarter with over $5.5 Million in Assets

During the first quarter of the Iosco County Community Foundation’s (ICCF) 2018 fiscal year (October 1 through December 31), the organization’s assets increased to $5,577,832.

“Through new gifts and investment income, ICCF’s funds, which serve all of Iosco County’s communities, grew by over 15 percent from the same time period as last year,” said ICCF Board President Tony Johnson. “ICCF also awarded over $120,000 in grants so far. That is an incredible testament to the power of endowments, because that funding is available year after year, and those are just grants from our first three months.”

Johnson says that in its first quarter, ICCF also received just over $40,000 in contributions.

“Our board is constantly amazed and humbled at the generosity that pours into our community in the interest of helping our local nonprofits, supporting the Community Foundation’s mission, and providing for the present and future of Iosco County,” said Johnson.

The Iosco County Community Foundation is an affiliate of the Community Foundation for Northeast Michigan (CFNEM), which serves as the administrative arm for ICCF. Committed to providing people who care about the future of the region and its communities with unique and effective ways of supporting their community now, and for generations to come, ICCF is led by a volunteer board of local citizens. The foundation oversees a group of permanently endowed funds from a wide range of donors. Gifts of all sizes from individuals, families, business and agencies are invested in a balanced, well-managed portfolio to build endowments, enabling support for local community nonprofits now and forever. To make a donation or learn more about how community foundations work, visit www.iccf-online.org or call 989-354-6881; toll-free: 877-354-6881.