New YMCA to be built with funds from joint gift
June 18, 2013
When there are a number of foundations or other financial backers interested in one nonprofit or overall charitable goal, they sometimes decide to pair up and provide a joint gift. This occurred recently when the Lakin Foundation and the Iowa West Foundation joined forces to give a local YMCA a gift of $7 million.
The money will be put toward creating the new Charles E. Lakin YMCA facility in Council Bluffs, Iowa, which will include various athletic courts, exercise facilities, classrooms and a playground, among other amenities.
"We are ecstatic about these lead gifts as our organization continues to do its best in meeting the needs of those who want a healthier lifestyle," noted YMCA of Greater Omaha President and CEO Len Romano. "Thanks to Mr. Lakin and Iowa West it will have a new, quality YMCA for area residents and families to enjoy."
Iowa West President Pete Tulipana said that to better provide for communities, foundations and other groups with similar aims need to join together like this to help their fellow man.
Iowa West has long been invested in improving the lives of citizens in nearby areas in a number of different ways, like creating leadership opportunities and identifying local necessities.
Organizations that are providing funds for multiple nonprofit programs might find it easier to manage their large-scale efforts with fundraising management programs that can account for funds as they are disbursed to recipients.