The Amazing Power of Unrestricted Funds

Carl Shoults, Henry Doscher and Pat Vaughn would truly be amazed at the power their gifts continue to have! They each lived in Abilene and had one thing in common – they loved their community and they wanted it to thrive. They wanted future Abilenians to enjoy the things they had – art museums, libraries, and musical productions. They wanted everyone to be safe, to have their medical needs met and to know that there are people in this community that genuinely care about them.

Each of these individuals were vital members of our community. They gave generously of their time and money during their lifetime, and with the ability to look to the future, they each made a gift to establish an unrestricted endowment fund – a fund that allows the Foundation and its board to have the flexiblity to address the everchanging needs in the community through its discretionary grantmaking process. They knew that future needs would be as real as the needs they supported during their lifetime and wanted their philanthropy to continue for generations. They

knew that they would be helping to solve future unknown problems in our community!

Imagine the sense of pride and accomplishment they might feel knowing they have played a significant role in helping a young man overcome abuse, homelessness and heartache by providing a place that would help him get back on his feet and give him purpose. This place, the BCFS Our House, is a home for young adults who are without a safe and stable roof over their heads. Executive director, Johnny Nguyen, says that “At our Our House, we empower the young people that come to us with responsibility. We give them the tools to manage finances, personal health and to develop the skills they need to thrive in their life.”

It is impossible to imagine what Carl Shoults, Henry Doscher and Pat Vaughn would think about the power of their gift.   BCFS, Our House is just one of the agencies that received grants from the Foundation’s discretionary grant cycle this past year. Last year alone, over $399,000 was awarded in grants from discretionary funds.   Each of these agencies is working tirelessly to meet current needs – medical, educational and cultural, in our community. There is no doubt that the needs in Abilene will change day-to-day and year-to-year, but with the amazing power and strength of unrestricted gifts given to the Foundation by our many generous donors, we will be ready.

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The Amazing Power of Unrestricted Funds

Carl Shoults, Henry Doscher and Pat Vaughn would truly be amazed at the power their gifts continue to have! They each lived in Abilene and had one thing in common – they loved their community and they wanted it to thrive. They wanted future Abilenians to enjoy the things they had – art museums, libraries, and musical productions. They wanted everyone to be safe, to have their medical needs met and to know that there are people in this community that genuinely care about them.

Each of these individuals were vital members of our community. They gave generously of their time and money during their lifetime, and with the ability to look to the future, they each made a gift to establish an unrestricted endowment fund – a fund that allows the Foundation and its board to have the flexiblity to address the everchanging needs in the community through its discretionary grantmaking process. They knew that future needs would be as real as the needs they supported during their lifetime and wanted their philanthropy to continue for generations. They

knew that they would be helping to solve future unknown problems in our community!

Imagine the sense of pride and accomplishment they might feel knowing they have played a significant role in helping a young man overcome abuse, homelessness and heartache by providing a place that would help him get back on his feet and give him purpose. This place, the BCFS Our House, is a home for young adults who are without a safe and stable roof over their heads. Executive director, Johnny Nguyen, says that “At our Our House, we empower the young people that come to us with responsibility. We give them the tools to manage finances, personal health and to develop the skills they need to thrive in their life.”

It is impossible to imagine what Carl Shoults, Henry Doscher and Pat Vaughn would think about the power of their gift.   BCFS, Our House is just one of the agencies that received grants from the Foundation’s discretionary grant cycle this past year. Last year alone, over $399,000 was awarded in grants from discretionary funds.   Each of these agencies is working tirelessly to meet current needs – medical, educational and cultural, in our community. There is no doubt that the needs in Abilene will change day-to-day and year-to-year, but with the amazing power and strength of unrestricted gifts given to the Foundation by our many generous donors, we will be ready.