Campaign Status Board

Fund-raising Opportunity

Dear GLCA members,

We are writing with a dam fund raising challenge -- and a continuation of our productive discussion at the annual meeting on July 29. 

As described well by Kathryn Serra, principal engineer from CTMale, the good news is we are now in a fine position to push hard for a government grant. One important part of that is making sure we have the funds when such a moment arises -- as one important factor in awarding grants is that the nonprofit or other entity has the funds to fulfill their match responsibility. To that end as discussed, we have raised over $800k, and will probably need an additional $550k to qualify for a grant. It is important to understand that grants do not pay for anything directly; they reimburse us for expenses paid, with some necessary delay. That can create a cash flow problem, particularly with a large construction project, where the next bill may exceed our residual cash while we wait for reimbursement from the grant.

We will continue all efforts to generate contributions including any from visitors to the lake. We are also talking with lake residents who have not yet contributed and those who are not members of GLCA to make sure they understand the current status of the dam plans, our need to raise additional funds, possible consequences and liability issues if we do not replace the dam and our promising prospects for getting grant money. 

The Fund Rasing Committee has decided to help jump start progress toward our goal of raising $550,000 by June, 2024. The committee will contribute up to $50,000 to match contributions made by October 31, 2023 that move the contributor from one fund raising category on the Save the Lake Campaign Status board to the next level up. For example, if you have contributed $2000 already, and you now donate $4,000, bringing your total contributions up to $6000, you will move from the Garnet to the One Sapphire category ($5,000 to $49,999). In this example, the Fund Raising Committee will contribute an additional $4,000, resulting in adding $8,000 to our fund. Or if you have donated $40,000 and now donate $11,000, the committee will contribute an additional $11,000 as you will move from the One Sapphire Level to Two Sapphires Level.  Below is the most recent Campaign Status board, with contributions since June 30 noted.

 So, help us unlock an additional $50,000 by October 31, 2023!

If you have any questions, please let us know.

Sincerely,

GLCA Fund Raising Committee

Paul Beer, Anne Bernat, Diane Burgess, Ed Jahn, Judy Thomson and Bob Wiltenburg

GLCA is a 501c3 not-for-profit corporation and their donation could be tax deductible to the extent allowed by federal and state tax codes.