The Community Foundation of the Florida Keys (CFFK) has accepted a $100,000 challenge grant from the Marion Stevens Fund. This is a match of $1 for every $2 raised, up to the match goal. The goal is to add a total of $300,000 to CFFK’s Operating Endowment, which will provide critical funding to strengthen the Foundation’s philanthropic leadership and community impact.
“This is a significant opportunity that will move the Community Foundation toward sustainability,” said CFFK Chairman Robert Spottswood. “We are grateful to the advisors of the Marion Stevens Fund for their partnering to help build CFFK’s endowment. This endowment will support programs and services for the community for years to come.”
Among the programs that the endowment will help support are the Leadership Success Academy (LSA) board training program, Unsung Heroes volunteer recognition, and numerous services to strengthen CFFK’s philanthropic leadership and impact in the community. The endowment will be a permanent fund in which the principal stays intact and is never spent. Earnings are earmarked for use in supporting the mission and programs of CFFK.
The Marion Stevens Fund is one of 120 funds and endowments under CFFK management. Marion Stevens was a local philanthropist and activist whose estate established the Fund at CFFK in 2000 to continue her legacy. To date, more than $550,000 has been returned to the community from this fund alone.
Established in 1996, the Community Foundation encourages philanthropy and facilitates grantmaking to community nonprofits. CFFK currently manages 120 funds and endowments for individuals and nonprofits. It has granted more than $17 million from these funds to support the important work of nonprofits in the Keys.