The Madrid Community Endowment Fund Board of Directors is pleased to announce that grant applications for 2023 are now being accepted. The MCEF Board has determined the amount available for grants in 2023 is $29,449.00. Application forms can be found at https://www.desmoinesfoundation.org/affiliates/madrid-community-endowment-fund. The deadline for grant applications is April 28, 2023. The grants will be awarded at the Madrid Historical Museum on Thursday, June 1, 2023 at 7:00 PM.
Grants from the endowment fund may be made to organizations as described in Section 501(C) (3) of the Internal Revenue Code and units of government and which are consistent with the purposes and mission of MCEF. As of December 31, 2022, the fund balance was $588,996.48. MCEF is authorized to make awards up to 5% of fund balance. The principal is never touched so the funds keep growing and your gift will keep on giving forever.
Since the MCEF’s inception in 2004 through the awards of 2022, MCEF has been able to make over $162,000.00 in grants to the local community. The purpose of the Madrid Community Endowment Fund is to assist in providing resources for a broad range of existing and future charitable needs throughout the Madrid, Iowa area. The “Madrid, Iowa Area” shall be defined as the area encompassed by the 50156 area zip code. The Madrid Community Endowment Fund is an affiliate fund of the Greater Des Moines Community Foundation, which administers our fund and over 500 others.
Thank you for your past support and donations and we hope you will consider additional support of the endowment fund in the future. Donations can be sent to Madrid Community Endowment Fund, P.O. Box 1, Madrid, IA 50156 or on-line at http://www.desmoinesfoundation.org/.
If you have any questions about the application form or eligibility, please call Aaron McCarty at 515-321-4990.
Original source can be found here.
