ROLAND G. WINTER, PRESIDENT 15150 A Drive North Marshall, MI 49068 (269)781-2500 firstname.lastname@example.org
The “Mission” Statement of the Foundation is to provide educational resources to as many members and charitable organizations as possible. Interest free loans are available for Grange members to attend Universities, Colleges, and Trade Schools of their choice. Funds are also available for Grange Department Directors programs that include support for Youth Leadership and Promotion, Junior Activities, Family Activities, Lecturer’s Activities, Deaf Awareness Projects, and Community Service Projects.
The Foundation is supported by donations from Granges and by individuals who believe in the program. Additional funds are also received from interest obtained from investments made by the Foundation Board of Directors.
A permanent “Endowment Fund” has been established from which only the interest earned is used for Foundation activities. Donations can be made directly to the endowment fund. In addition one-half of all general donations are credited to the fund. Establishment of this fund assures a continued support in the future of the Foundation programs.
Donations to the Foundation are tax deductible. Donations can be made on behalf of the deceased. It is also suggested that donations be made for the living, as a sign or appreciation, or as a remembrance of special occasions such as birthdays, anniversaries, graduations, etc. The Foundation can also be named in your will and can accept real estate and personal property donations. Your donations to the Michigan State Grange Foundation will be gratefully acknowledged and your support will be appreciated by the many benefactors that receive support from the Foundation program.
YOUR DONATION WILL HELP BUILD A BETTER WORLD FOR THE FUTURE
NOVEMBER/DECEMBER 2016 GRANGE NEWS
Again this year it is my privilege as President of the Michigan State Grange Foundation to report to you on the condition of your Foundation and its progress this past year. I believe that the Foundation is a very important part of our organization. Presently it provides loans for students to help with their education, funds for Department Directors to develop and carry out educational workshops plus send out quarterly newsletters, for their particular departments, and this year we made a $1000.00 donation to the Bentley Historical Library where many of our State Grange records are kept. I believe the Foundation could also be a valuable asset in the future to keep our Grange active and also to help preserve our History.
This year has been another very good year for the Foundation. Three years ago, if you remember, we invested our funds in a ten-year annuity. We didn’t have as good a return on our investment this year, but still a very good return over the three years period. We are again hoping for good returns over the next seven years depending on the way the Stock Market acts.
This past year we have also been working hard trying to collect more of our past due loans. This includes some money from past due loans plus the money from those making regular payments. This will increase with more loans becoming due in the next future.
This past year we also sold the Haslett property where the Michigan State Grange office stood. We had hoped to have the closing before the end of last year but that did not happen. There were a lot of details to be worked out between the buyer and Grange Acres and the Township but it finally happened this past spring. We will soon be investing some of this money also.
Last year we only issued one student loan, but this past year we issued four new student loans. One loan was again issued to Malcolm Carey of Oceana Center Grange #1047 to attend the University of Michigan. This was his fourth and last loan, and was Loan#142. The other three were all new recipients of Student loans. They went to John Carey (Malcolm’s brother) also of Oceana Center Grange #1047 to attend Michigan Technological University in Houghton, Emily Kurburski of Harbor Springs Grange #730 to attend Kettering University in Flint, and Elizabeth Kurburski of Harbor Springs Grange #730 to attend Michigan State University in East Lansing.
As some of you will remember the loan program was started in the early 1960’s by the Youth Department and then taken over by the Michigan State Grange Foundation when the Foundation was founded in 1986. It is good to see our Youth taking advantage of this program, we are again emphasizing that this is a loan program and the loans need to be repaid if the program is to continue. We plan to keep track of those receiving loans to make sure that this happens.
We again need to emphasize that this program is not just for youth but for any that this program is not just for youth but for any Grange member that might need to advance their education. With money coming in from Student loans there are funds available that we have set aside for this program and more funds will become available as more loan payments are made, and I am sure that more of our available funds could be added to this program is necessary.
As in the past, one of our goals for the coming year would be to see every active Grange in Michigan make at least one donation to the Michigan State Grange Foundation, and many of our members doing the same. The donations do not have to be large and if everyone helped a little it would make a big difference. I would emphasize that the Foundation is a 501 (c) 3 organization and individual donations are tax deductible. Our policy in the past has been that half of all donations made that are not given for a particular purpose would go to the Endowment Fund and half to available funds and we are planning to continue this policy.
The Michigan State Grange Foundation would like to thank all those Granges and Grange members that made donations to the Foundation this past year. We appreciate your donations.
I would also like to thank the other members of the Board for their work and dedication to this program, they include; Eric Bishop-Vice President, Kathryn Strouse-Secretary/Treasurer, Jeff Swainston-Director and Chris Johnston-Director.