February Challenge Fund + CFO Match + Laton Distribution Equals $79, 049.98!

 

Brian Fogle, President and CEO of CFO and Melissa Adler, Development Director listen to Regina Greer Cooper, Executive Director of the Springfield-Greene County Library District talk about the Laton Endowment.

The Community Foundation of the Ozarks celebrated the Library’s successful February Endowment Challenge with other participating community groups at a reception Wednesday, March 14. The Library Foundation fundraising total of $13,210.51 earned another $5,000 from CFO.

But there was far more to celebrate, which explained the whopping $79,049.98 number that appeared on the giant check presented at the CFO celebration. Executive Director Regina Cooper explained that the Library received a final distribution from the Ursala Laton Trust in the amount of $60, 839.44. The distribution came in at the very end of the Endowment Challenge, and CFO decided to include it in the final amount. With that total, the new Laton Endowment is now over $500,000. The annual disbursement from that unrestricted fund can be used for Library needs.

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