Under the terms of the Mabee challenge grant, if pledges to the YMCA Capital Campaign total $8 million by Jan. 13, 2011, the Mabee Foundation will provide an additional $2 million in matching funds, making a total of $10 million available for the construction of a new YMCA building and aquatic center. Leaders of the Y's Capital Campaign were quick to express their excitement about the Mabee challenge grant.
"Just a few weeks ago, we announced that pledges to the capital campaign had reached the $6 million mark," said Mike Garrett and Mike Wallace, who co-chair the capital campaign for the Monett Area YMCA, "and we were $4 million away from our goal. Obviously, the Mabee grant is a wonderful development and a huge step forward. We are very grateful to the Mabee Foundation for its support of our local campaign."
"The later portions of a capital campaign are traditionally the most difficult," noted Gordon Brown, executive director of the Monett Area YMCA. "This type of challenge grant is designed to stimulate additional giving and to maintain momentum as a capital campaign draws near to its goal.
"If we raise an additional $2 million in pledges between now and Jan. 13 of next year, we will receive the matching challenge grant, but if the additional $2 million is not pledged by that date, the matching funds will not be provided," explained Brown.
"As we celebrate the generosity of the Mabee Foundation, we must remember that we still face a significant fundraising challenge," Wallace and Garrett stated. "In order to receive the Mabee challenge grant, we must raise an additional $2 million in the next 10 months. Monett area residents have a strong history of supporting positive community projects, and we are confident that they will help put this campaign over the top."
The Mabee Foundation was established in 1948 by John E. Mabee and his wife, Lottie E. Mabee, to aid Christian religious organizations, charitable organizations, institutions of higher learning, hospitals and other organizations of a general charitable nature. Since its inception, the foundation has provided significant support to a large number of religious, educational and charitable activities throughout Arkansas, Kansas, Oklahoma, Texas and New Mexico, as well as Missouri, the native state of its founders.
To learn more about contributing to the YMCA Capital Campaign, contact Gordon Brown at 417-235-8213 or visit www.yourmonettymca.org.