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Greetings to all Paddlers of New Horizons for Camp Jorn YMCA
We continue to make progress on our friend / fund raising adventure and just wanted to share a bit of our current situation. We can remain optimistic regarding the big picture. Because of our commitment and the generosity of many, Camp Jorn continues to provide life changing experiences to hundreds of children and families.
On September 1, 2007, we started off with a payout to the Lake County Family YMCA of 3 million dollars and a bank loan of 1.2 million dollars. We have now collected the necesary funds to pay off our mortgage. With the bank loan satisfied, we can breathe a sign of relief but please understand the work is not complete. The alst $500,000 for the purchase was financed through a loan from our own Endowment Fund and must be paid back with 4% interest.
We still have about $160,000 in matching funds available from the Challenge provided by Rick and Sue Gering. Rick and Sue have pledged to match all new gifts dollar for dollar and have established a deadline of Dec. 31, 2010. We also have over $230,000 in pledges to be collected over the next 2-3 years. In combination we feel confident that we will be able to fully restore our Endowment Fund in 2012. An extra payment or a lead to a new donor that will help us take full advantage of the Gering Challenge would be greatly appreciated.
Let's keep moving. We find ourselves in challenging times and camp programs remain critical in providing personal growth opportunities to our children. Resident Camp, Day Camp, Child Care, After-School Care, Family Camp, Retreats and many more community programs benefit from our effort.
On behalf of the families, children, volunteers, and staff of the Camp Jorn YMCA, we applaud your generosity. We are eager to spread the story and build new relationships that will lead to greater community ownership of our mission.
The Paddling New Horizons Campaign will continue until the original goals are satisfied.
Please do not hesitate to call if you have questions or thoughts on the Paddling New Horizons Campaign.
Contact Dennis Lipp; 715-543-8808.
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