The Rider Endowment Opens at the Yampa Valley Community Foundation
Bicycling has the power to bring people together while making communities more collaborative and close-knit. This is especially true over the last decade in Northwest Colorado. Routt County Riders is celebrating ten-years of ‘nonprofit official’ cycling advocacy by opening an endowment at the Yampa Valley Community Foundation.
The purpose of establishing the RCR Endowment is to create a mechanism to receive legacy and large gifts. “No one can predict the future, but we can say with certainty that the Yampa Valley will continue to grow in terms of population numbers and impacts on our recreational areas,” explained Laraine Martin, executive director of Routt County Riders. “Leaving a legacy gift with Routt County Riders will ensure that our volunteer-run programs can also rise to support the maintenance and upkeep of these treasured places in turn.”
The endowment will also leverage financial resources to house generous contributions in a way that provides an even greater return on the investment to donors. The endowment will also help perpetuate RCR programs and offers a dependable funding stream, thus insulating the nonprofit from potential ups and downs in other income categories such as donations, special events, grants, and additional revenue.
“2020 has been a tough year for people mentally and emotionally with a pandemic,” Martin explained. “Here in Steamboat, cycling is a respite from that and allows for release and reconnection with the truest parts of humanity – connection with each other, connection with nature.”
Gifts to the Riders Endowment will have a lasting impact on ridership in the Valley and demonstrate a shared passion to provide and encourage cycling in Northwest Colorado for generations to come.
A gift of $10,000 established the Riders Endowment. In addition to the establishing gift, other nonprofits with endowments held at YVCF are eligible to earn .25 cents for every dollar donated to support their fund. Nonprofits can earn up to $10,000 through the incentive matching challenge.
YVCF created this challenge to aid nonprofits in securing their future and ability to serve their community. Nonprofits with endowments can provide stability today and into the future. For example, a nonprofit with a $100,000 endowment will be able to receive approximately $4,500 annually in perpetuity. Nonprofit endowments held at YVCF
benefit from being pooled and invested collectively. Our funds have a current balance of over $21 million dollars in YVCF assets.
“Many major donors like to see operating endowments in a nonprofit’s balance sheet. It can signal financial stability and long-term vision,” said Tim Wohlgenant, Executive Director of YVCF. “Donors are often attracted by the opportunity to provide an endowment gift because, unlike an annual gift to operating, an endowment gift grows in perpetuity.”
In addition to the Routt County Riders, the following nonprofit organizations also have endowments held at YVCF that are eligible for the YVCF Nonprofit Endowment Matching Challenge:
- Advocates in Routt County
- Community Agriculture Alliance
- Tread of Pioneers Museum
- Yampa Valley Sustainability Council
- South Routt Education Endowment
- Steamboat Art Museum
- Routt County Council on Aging
- Historic Routt County
- Friends of Wilderness
- Susan Mizen Legacy Endowment Fund
- Rocky Mountain Youth Corp
- Endowment Fund to benefit Steamboat Creates
Nonprofits can join the challenge by opening a fund at YVCF with a $10,000 investment. YVCF will match this initial gift with $2,500.
Additional information about YVCF Nonprofit Endowment Matching Challenge is available at yvcf.org/non-profits/endowment-building-toolkit/.
The Yampa Valley Community Foundation is the primary source for philanthropic resources and education for both donors and nonprofit organizations in Northwest Colorado. We promote thoughtful, individualized, charitable giving, and create endowments that have meaningful impact in the Yampa Valley. In all that we do, the Yampa Valley Community Foundation operates with the highest integrity. We are the gold standard in client services and a trusted resource to the community. Our work is impeccable, impactful, and transparent to those we serve.
Routt County Riders is a cycling advocacy organization focusing on community outreach, volunteer workdays, safety initiatives, and civic engagement. RCR cultivates positive relationships with all project partners and draws on their membership base of 300+ to accomplish their goals. RCR is an IMBA Local Chapter (the International Mountain Biking Association) but advocates for ALL forms of cycling in the Yampa Valley