Assets of the Hardin County Community Foundation, for the first time in its 30-year history, have topped the $10 million mark.
The financial report at Tuesday’s quarterly meeting of the foundation listed its assets at $10,169,660.
The foundation invests its assets to generate income for annual grants awarded to community organizations.
“The vision of our founders was incredible to establish an organization with the forethought that it would grow to over $10 million in assets in its first 30 years,” said Matt Jennings, president.
“The founders of the Hardin County Community Foundation, incorporated on August 16th, 1991 set the future generation of trustees up for continued growth and success by insuring that our organization was built for the long term with sound bylaws and strict rules regarding the invest and subsequent disbursement of funds.”
Jennings said, “I am more than proud and very humbled to have the opportunity to serve as president of the foundation and at our 30 year anniversary, I congratulate and thank our community for their continued support as we have surpassed the $10 million mark for assets under board management.
“Thank you to our past and present trustees for your dedication and diligence overseeing a true community asset that will provide a long term return on investment for Hardin County,” Jennings said.