The Seeds of Support program successfully awarded $100,000 in matching funds, helping local nonprofits grow their endowments and strengthen long-term community impact.
Congratulations to those that met the Match!
Seeds of Support have been planted an all matching funds have been distributed! In case you missed it on our newsletter last month, as of November 6th, $100,000 in matching funds have been awarded to local nonprofits. Since the program launched on July 1st nonprofits with funds at the Homer Foundation like you, and their generous supporters, stepped up in a big way. Thanks to their efforts, many were able to fully utilize the $10,000 match opportunity.
Congratulations to the following organizations who just bumped their endowments by $20,000: KBBI, Homer Community Food Pantry, HoWL, The Pratt Museum, Storyknife Writers Retreat, Bunnell Street Arts Center, Friends of Kachemak Bay State Park, and Hospice of Homer.
And congratulations to the organizations that were able to make significant contributions to their endowments: Friends of the Homer Public Library, Homer Council on the Arts, Kachemak Bay Family Planning, Mariner Fastpitch Softball, and Pier One Theatre
Reminder: An endowment is a long-term investment fund where the principal remains invested, and a portion of the earnings is distributed each year to support an organization’s mission. The nonprofits listed above are able to withdraw up to 4% of their endowment annually to support their programs and operations.
The Homer Foundation awarded 25 scholarships totaling $77,000 to local students this year through donor-supported endowed funds. Since 2000, the program has awarded more than $573,000 in scholarships, continuing to support students across the southern Kenai Peninsula in pursuing their educational and career goals.
Students in the Youth Advisory Committee (YAC) program reviewed nonprofit applications and awarded $20,000 to local organizations supporting food security, housing, and early childhood services on the southern Kenai Peninsula. Funded by Robert and Meon Purcell, the program helps build youth leadership and community awareness.
We thank Ken Taylor for his dedicated service on the Board of Trustees. His thoughtful leadership and deep commitment to the community made a lasting impact.
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A new fund at the Homer Foundation is supporting Snomads’ work to keep local trails safe, accessible, and well-maintained for all users, now and into the future.
A $50,000 grant to the Homer Cycling Club is expanding the Eastland Trails system, boosting access to outdoor recreation and investing in the community’s future.
The Daniel Bunker Memorial Fund honors a life of service and generosity by supporting projects that bring people together, encourage active living, and strengthen community connections.
