Utica, Michigan, Source
http://www.sourcenewspapers.com/stories/102608/loc_story20001.shtml
The Shelby-Utica Daybreakers Kiwanis recently announced the formation of an endowment fund through the Shelby Community Foundation that will assist children in the community for years to come.
On Oct. 20, at a joint meeting of the Shelby Community Foundation and the Daybreakers, the newly created fund received $9,000 in donations from HealthQuest Physical Therapy, which has offices in Shelby Township, and throughout Macomb and Oakland counties.
“HealthQuest Physical Therapy in Shelby Township is excited to be working with both the Shelby-Macomb Daybreakers and the Shelby Community Foundation to establish this endowment fund. We are glad that you are establishing the endowment and that we can contribute the proceeds from our charity golf outing from July 19 to help in establishing the endowment,” said Doug Schultz, owner and manager of the HealthQuest’s Shelby Township clinic.
“It is great to know that this endowment will be an ongoing fund within the Shelby Community Foundation to help children in our community. We really wanted the funds from the outing to directly benefit children in Shelby Township. It is great to know there are organizations out there like the Daybreakers and the Community Foundation, to make our community a better place.”
The money was part of $12,000 in donations raised by HealthQuest at its annual summer golf outing. The company donated $3,000 of the proceeds to a school within the Macomb Intermediate School District and the remainder to the Daybreakers to keep the money in the community.
“(HealthQuest officials) came to us in the spring and they wanted to have a program to help out through their golf outing,” said Kiwanian Lisa Manzella. “We sat down with them and decided that starting the endowment fund would actually be more help in the long run than just donating money for a project. This way the fund will be there for years, to grow and be a legacy.”
The $10,000 in the endowment fund will stay there throughout the years; projects and gifts will be spent using interest created on the monies and donations to the fund. Manzella said the Daybreakers will use the money for several projects and scholarships, keeping in mind the Kiwanis pledge to help children in local communities.
“Right now we’re looking at scholarships and different projects, such as maybe library programs or similar things. There’s a lot we can do with this,” said Manzella. “But the important thing is that it is staying within the community, in Shelby Township.”
Manzella said the Daybreakers decided to create the fund through the Shelby Community Foundation for donors to take advantage of tax credits they would not be able to receive if they simply donated to Kiwanis. SCF Treasurer Linda Stout said the partnership is beneficial because it frees both organizations to work to their strengths and create the best possible outcome for the community’s children.
“We proudly welcome Daybreakers Kiwanis to the foundation family. Compliance issues and paperwork details will be handled by the foundation, while the Daybreakers Kiwanis Club will have the rewarding task of deciding which projects to fund,” said Stout in a press release. “It is a win-win-win situation – good for donor, good for the foundation, but most of all good for our community.”
The Shelby Community Foundation was started in 1996 as a way to use private monies to assist in projects throughout the township. In its 12 years of existence, the foundation has participated in several scholarship programs, endowment funds and beautification projects throughout Shelby Township. The Shelby-Macomb Daybreakers Kiwanis is part of Kiwanis International and exists to help children in local communities and throughout the world. To contribute to the endowment fund, call the SCF at 909-5305.
Posted
Oct 27 2008, 10:07 AM
by
Scott Smith