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"The Mission of the Kernersville Foundation is to provide
Financial assistance to non-profit organizations that serve the
Kernersville Community"
 
 
 

Summerfest Info!

"Summerfest” is presented as a public service by the Kernersville Foundation, Inc.

2007 PICTURES HERE!



The Kernersville Foundation had our Annual Meeting on Monday, May 7 at First Christian Church. Senator Richard Burr was the guest speaker and grants were awarded to twelve non-profit agencies that serve the Kernersville community, including The Shepherd's Center, Kernersville Cares for Kids, Kernersville Family YMCA, Kernersville Little Theatre , Kernersville Downtown Preservation & Development Council , Friends of the Paddison Memorial Library, Next Step Ministries, Körner's Folly Foundation, Lamb Foundation, Kernersville Christmas Stocking, Paul J.Ciener Botanical Garden and Crisis Control. The meeting was held in conjunction with the Kernersville Chamber of Commerce, Kiwanis Club of Kernersville and Rotary Club of Kernersville.


article_may_2007.htm
Powerful
U.S. Sen. Richard Burr talks about the importance of volunteerism at Kernersville Foundation's annual meeting

By KristenJohnson - Staff Reporter - 5/8/07

U.S. Sen. Richard Burr paused for a moment and looked out at the almost 400 people gathered in the sanctuary at First Christian Church on Monday morning.

"How many times have we heard about something good that was happening and been excited about it - until we find out how we plug into it?" he asked. "We're all for a lot of things, but we're just not for starting them today. But if we don't step up to the plate right now - if we don't volunteer and give of our time and money to help those less fortunate - when will we ever find the time?"

Burr was the keynote speaker at the annual meeting of the Kernersville Foundation. During his remarks, Burr cited Friday's storm in Greensburg, Kansas, where tornadoes carved a path more than a mile wide, leveled most of the community and killed nine people. (Full Article HERE!)


Kernersville Foundation, Inc.

Annual Meeting

Monday, May 7, 2007
First Christian Church, 1130 N. Main Street, Kernersville, NC

Speaker
Sen. Richard Burr

Grants being awarded to twelve non-profit agencies serving the Kernersville community

The mission of the Kernersville Foundation is to provide financial assistance to non-profit organizations that serve the Kernersville community.

www.KernersvilleFoundation.org


The Gift that Keeps on Giving
The Kernersville Foundation is a way to support the entire community with one donation

By Brandon Keel - Staff Reporter - 9/26/06

As in any physical structure, a solid foundation is the most important part to ensure a lifetime of support. That same concept applies to the entire community, and with a strong base, Kernersville will have the proper support to last forever.

Founded in 1999, the Kernersville Foundation (KF) is a 501(c)(3) non-profit corporation that is a one-stop shop for contributions to local charities, according to KF President Arnold King.

The purpose of the KF is to maximize financial assistance to several non-profit organizations that are essential to the Kernersville community.

"A gift to the foundation can be multiplied and divided, like the loaves and fish that fed thousands in the biblical tale," said Mike Jacobs, KF board member. "By pooling our resources, we can help many together rather than a few separately."

At this year's annual KF Banquet on February 22, the foundation awarded grants to Crisis Control Ministry, Friends of the Library, Kernersville Cares for Kids, Kernersville Christmas Stocking, Kernersville Downtown Preservation and Development Council, Kernersville YMCA, Lamb Foundation, Kernersville Little Theatre, Körner's Folly Foundation, Next Step Ministries and the Shepherd's Center.

Jacobs added that none of this would have been possible without the generosity of the local residents.

"Anyone can give, and one dollar is just as welcome as $1,000," said Jacobs. "Plus, 100 percent of every contribution goes back into the community, not someone's pocket."

According to King, there are several ways to contribute to the KF. The first way is by making a donation to the KF's permanent fund.

"The base sum of the permanent fund cannot be dispersed, but it produces income that can be awarded to local non-profit organizations each year," said King.

In other words, the more this base sum grows, the more income it will produce every year.

Another way to give to the KF is to contribute to a non-endowed fund, which is distributed out each year as the KF Advisory Board deems appropriate. This is a way for people to make one donation and the money will go where it is needed the most, according to King.

In mid-November, all grant request applications will be reviewed by the KF Board of Directors and the grants will be given out at the next banquet, said King.

"We do know that there will be more grants awarded this year than ever before," King said.

He explained that the permanent fund is the largest it has ever been.

The total assets in the KF have reached more than $500,000, according to King. This money has come from a combination of sources including a major donation of $78,000 from the Kernersville Chamber of Commerce that was raised during the earliest years of the Spring Folly

Also, all the money raised at Summerfest goes into the KF and this was the most successful year in the history of Summerfest, according to King. This will be the first year that the Kernersville Chamber of Commerce will contribute 15 percent of the net earnings at the Spring Folly - which was pledged earlier this year.

All of these factors will equate to more funding, King said.

If someone has a specific organization that he/she would like to support, a donation can be made to the KF with particular instructions as to how this contribution should be applied, King said.

"We have also been working with CPAs, investment advisors and attorneys to make their clients aware during estate planning," said Jacobs.

This is yet another way for someone to contribute to the community and leave a strong legacy behind, according to Jacobs.

With so many ways to help local non-profits now and for years to come, the main goal of the KF is to promote awareness of these opportunities, said Jacobs.

"We are campaigning on several fronts right now," he said. "Currently, we are in the community campaign where we are focusing on awareness and trying to raise money. We are meeting with all of the civic clubs, sending letters to churches and we are going to begin putting information in the schools for students to take home to their parents."

Jacobs added that the KF is currently amidst the annual giving campaign, which is held every fall, but gifts are welcome anytime.

For anyone interested in finding out more about the KF, contact Arnold King at 993-2202, Mike Jacobs at 996-1776 or by visit the foundation's Web site at www.kernersvillefoundation.org. Donations may be mailed to PO Box 525, Kernersville, NC 27285.


2005 Annual Report

The Kernersville Foundation
P. O. Box 525
Kernersville, NC 27285-525

 
 
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