Home National Bank invest in Meigs County
Pomeroy, OH – The Meigs County Community Fund (MCCF) at the Foundation for Appalachian Ohio (FAO) is pleased to announce that Home National Bank recently presented the MCCF with a $25,000 gift for its Endow 200 campaign. That $25,000 was matched dollar-for-dollar by an opportunity available to FAO community funds, meaning a total gift of $50,000 will be invested to support Meigs County projects, communities, and organizations for generations.
In case you were not already aware, a community fund is a supply of capital belonging to numerous investors. It is used to collectively purchase securities and each investor retains ownership and control of their own shares or stocks. These types of funds provide a broader selection of investment opportunities, greater management expertise, and lower investment fees than investors might be able to obtain through other financial means.
Other types of funds available can include mutual funds, exchange-traded funds, money market funds, and hedge funds. Funds are available in countries all over the world. For example, in Germany, German investors considering investing in funds can now make use of a gute Fonds App (good funds app) to manage their shares.
The Endow 200 campaign was launched to celebrate Meigs County’s 200th birthday. The campaign invites anyone who holds Meigs County close to their heart to give a gift of $3,000 or more, payable over five years. In this way, the MCCF hopes to build $1 million in endowment, which will grow over time to allow MCCF to make grants of approximately $40,000 each and every year far into the future.
“This gift from the Home National Bank will make a big difference for the people of Meigs County,” said Jennifer Sheets, president of the Meigs County Community Fund. “Hopefully the gift also demonstrates the power of the current match opportunity through FAO, which for a limited time can help anyone make double the difference for Meigs County.”
Thanks to matching funds awarded to FAO by the Ohio legislature, $300,000 in matching funds is now available to Meigs County, which could mean an additional $600,000 creating opportunities for Meigs County’s people and communities – a major step toward the Endow 200 campaign’s ultimate goal of $1 million.
The dollar-for-dollar match opportunity is available to donors while the $300,000 in match lasts and until May 31, 2020. If Meigs County doesn’t secure the $300,000 by this date, the match dollars will become available to other communities.
Gifts to the Meigs County Community and the Endow 200 campaign are tax deductible and can be made in many ways, including cash, bequests, and life insurance. Donations can be made online at www.AppalachianOhio.org by designating the fund when donating. To mail your donation, please designate the fund and mail to the Foundation for Appalachian Ohio, PO Box 456, Nelsonville, OH 45764.
About the Meigs County Community Fund
The Meigs County Community Fund was created in 2011 to increase and advance philanthropic activities in Meigs County. The Meigs County Community Fund works to attract philanthropic resources in the form of gifts, grants, or bequests to benefit the broader community. It helps everyone give back to Meigs County so the community can invest grants to benefit Meigs County residents.
About the Foundation for Appalachian Ohio
The Foundation for Appalachian Ohio (FAO) is a regional community foundation serving the 32 counties of Appalachian Ohio. A 501(c)(3) public charity, the Foundation creates opportunities for Appalachian Ohio’s citizens and communities by inspiring and supporting philanthropy. For more information about FAO, visit www.AppalachianOhio.org.