Jared Jeffries Makes Contribution to Olcott Scholarship Fund
June 11, 2007
Former Bloomington North and Indiana University Basketball All-American and current New York Knick forward Jared Jeffries is making a $4,000 contribution to the Bloomington Park and Recreation Foundation's Olcott Youth Scholarship Fund. The Bloomington Park and Recreation Foundation is one of five participating agencies in Phase II of the Community Foundation of Bloomington and Monroe County's Matchstick Endowment Initiative.
Each participating Matchstick agency has set an endowment goal that they hope to reach by Dec. 31, 2007. Should the agency meet or exceed that goal, then the Community Foundation contributes a matching amount of one dollar for every three dollars from donors.
All four Phase I partnering agencies - Bloomington Park and Recreation Foundation, Lotus Arts and Education Foundation, Middle Way House and MCUM - each met their endowment goals in 2006. Collectively, Phase I generated a total of $123,500 in endowment funds and matching money from the Community Foundation. All four Phase I agencies are back for Phase II, where they are joined by Community Kitchen.
The Community Foundation launched Phase II on April 10, and President and CEO Shari Woodbury believes that Jeffries' contribution sets the tone for a very successful campaign.
"Jared's generosity is just one example of our mission to encourage local residents to reinvest in Bloomington and Monroe County," Woodbury said. "Between his substantial contribution to the Olcott Youth Scholarship Fund as well as his youth basketball camp that he operates with Bloomington Parks and Recreation, it is wonderful to see him giving back to the community."
Jeffries' basketball career has afforded the 6-11 forward the opportunity to travel all over the country. It's an experience that affirms his affinity for his hometown.
"I've lived in Washington, D.C., New York, spent time in Los Angeles, and I live in Florida now," Jeffries told the campers. "When I was younger, I used to think how great it would be to (live in different cities). Now, I've gotten to the point where I can't wait to get back to Bloomington. When you're part of a community that loves and respects one another, it makes the people who grew up here really appreciate the culture and environment you're surrounded by."
Bloomington Parks and Recreation Director Mick Renneisen said that the basketball camp and financial donation are just Jeffries' most recent contributions to Parks and Rec.
"Jared has been extremely generous, not just with this gift but with his support of the Banneker Center and Banneker Basketball Program for several years," Renneisen said. "We look forward to our continued relationship with Jared for several years to come."
As a former Bloomington North and IU All-American, Jeffries appreciates the opportunities that he received in Monroe County.
"My whole time that I grew up here, I could not ask for a better situation. The community got behind me and supported me in everything that I did," Jeffries said. "I fell like God blessed me to give back to the community that gave so much to me."
Since 1990, the Community Foundation has enhanced local quality of life by building and stewarding permanent endowments, addressing community needs through grants and providing inclusive leadership on issues of local importance. Recognized for its compliance with the National Standards for U.S. Community Foundations, the Community Foundation of Bloomington and Monroe County maintains more than $22 million in assets. This includes a portfolio of nearly $15 million that earned a 12.6 percent rate of return in 2006, supporting a record-setting $621,000 in dollars available for grantmaking.
For more information on the Matchstick program, please call the Community Foundation at 812-333-9016, stop by the office in Suite 321 of Fountain Square Mall, e-mail email@example.com or refer to the Community Foundation website at www.communityfoundation.ws
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