CATHOLIC SCHOOL FOUNDATION AND COMMUNITY FOUNDATION JOIN FORCES
Holy Family Education Foundation Dissolves, Transfers Assets to the Western Colorado Community Foundation.

The board of directors of the Holy Family Education Foundation recently voted to dissolve their organization and transfer almost $1 million in assets to our Community Foundation to manage. Two new designated funds have been established. One endowment will provide tuition assistance to students attending Holy Family Catholic School; a number of donors have established named endowment funds to provide financial assistance for students. The other endowment will fund professional development for teachers and special projects that enrich the educational experience at the school. Ann Ashwood, principal at Holy Family, is pleased about the merger. "The Community Foundation has an excellent reputation. We feel they will provide good stewardship and credibility for our donors; donors can have confidence their gifts will be well-managed and their wishes followed." The two organizations will work closely together in the future. Holy Family School’s administration, parents and teachers will continue to engage in a variety of fundraising activities to generate revenues for the school each year. Supporters of the school who wish to make a major donation or end-of-life gift will work with the Community Foundation to plan gifts and establish named endowment funds.


For more information or, contact the Western Colorado Community Foundation, 243-3767.

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