Thanks to the efforts of our members, and the good advice of our financial management group, our Scholarship Endowment Fund has passed the $1,000,000 level!
We have come a long way from the first scholarships paid from cash donated when President Dunnegan’s hat. We still pass that hat at Band Day. Our fund really began to grow as many of you participated in our defined donation programs, including our named scholarship efforts. Each named scholarship was created by a donation of at least $30,000. The generosity of those donors, and the longtime support of our efforts of our members created the foundation that allowed us to build this success.
Where to now? Long term, we would like to grow this fund so every member would get financial help. To do that requires about $10,000,000 in the fund, so we have a ways to go. I challenge all members to remember our LHB experience, and give to our fund so that we can help new members continue to have the same experience. Every dollar helps. So does creative thinking. You may have a small insurance policy as part of an association membership. Why not make us the beneficiary? It takes $30,000 for a named scholarship, but it can be funded by a group. Each section could fund one if each member gave a few hundred dollars. Just a gift of $100 per year from each of our thousands of members would greatly help us.
Reaching $1,000,000 is an important and happy milestone. Thank you to all of you who have helped us make this possible.
LHAB Charitable Fund