The Foundation’s highest mission is to support a vibrant nonprofit community. To encourage long-term capacity-building within Northwest Colorado nonprofits, the Community Foundation established a $100,000 endowment incentive in which nonprofits launching endowments held at YVCF are eligible to earn 25 cents for every dollar donated to support their fund, up to $10,000.
The Steamboat Art Museum was founded in 2005 and is the only fine art museum in Northwest Colorado. With the rehabilitation of the historic Rehder building in downtown Steamboat, SAM has become a vibrant cornerstone for the arts, offering exceptional exhibits and educational programming free to the public.
Now, with a generous donation to SAM from Denny and Jan Stamp and the partnership of YVCF’s Nonprofit Endowment Matching Challenge, fine arts will be accessible in Northwest Colorado for generations to come. To honor their granddaughter Ashley Stamp, a promising young ski racer and an exceptional student whose life was prematurely taken in an accident on Vail Mountain in 2004, the Stamps established a $60,000 endowment and a $40,000 organizational fund for the museum. Through the Community Foundation’s matching challenge, SAM will receive an additional $10,000 from YVCF toward the endowment fund.
Betse Grassby, Executive Director of the Steamboat Art Museum, explained: “This gift enhances the Steamboat Art Museum’s ability to endure and carry out its mission to promote and present the visual arts to the community of Northwest Colorado, reflecting our culture and heritage.”
YVCF created the endowment challenge as an incentive for nonprofits to secure their ability to serve their community today and into the future. A nonprofit with a $100,000 endowment receives approximately $4,500 annually in perpetuity. Nonprofit endowments held at YVCF benefit from being pooled with $21 million dollars in YVCF assets and invested by Syntrinsic Investment Counsel.
“An endowment provides a secure funding source for a nonprofit organization and gives it financial stability,” explained Tim Wohlgenant, executive director of YVCF. “It creates resilience and allows for continued operations during lean times.”
Beyond the endowment matching challenge, the Community Foundation supports local nonprofits by providing nonprofit training opportunities including board training and capacity building. YVCF’s support of nonprofit organizations is rooted in being a meaningful partner that goes far beyond grant funding. The Foundation strives to make connections and provide knowledge and resources that support the causes and their leaders working toward the greater good of the community.