  |
|
|
Home | About CARE | Newsletter | Reunion | Member Directory | History Project | Resources | Support CARE |
|
|
Support CARE
|
The CARE
Fund The CARE Fund is the financial foundation of one of the driving forces in establishing the C.A.R.E. organization - to provide a vehicle for the support of the District colleges. The CARE Fund (obviously) began with a balance of zero but with active participation of members donating, the Fund is now over $32,000 strong. It is still a drop in the bucket and needs to be many times stronger. The Fund's funds are professionally managed and are invested in stock and bond mutual funds to provide diversity, safety and income. That income, along with the contributions of members, provides the basis of grants to each of the colleges. To date, the Fund has provided a total of $7,000 to the colleges. The money for the colleges is prorated according to the size of each institution. The funds are no-strings-attached donations so the chief executive officer can decide where and how the funds would best benefit the college. The larger the CARE. Fund is, the greater the earnings and the greater the annual donations, the larger the distribution can be. Member donations to the CARE Fund are more important now that ever. If you have observed the performance of your own investments, you know that the market has been in the doldrums for the several years. While there have been sporadic "recoveries," the market is still not where it was in 2000. The import of this is that earnings-dividends, interest, capital gains-have been far less than anticipated. And this puts a squeeze on our ability to distribute funds to the colleges. If you think this is an appeal for you to open
your checkbook and make a donation to the CARE Fund, you are right!
As both the Federal and State governments are cutting back on the
support of public education at all levels, it is critical that the
private sector (that's you) help to fill the funding gaps. Please
support the CARE Fund
Thank you.
|
|
©2007 C.A.R.E. |
|
and be as generous
as you can.