BRIDGES Celebrates Achievement Of $20 Million Endowment Fund Goal
On Tuesday, Nov. 15, BRIDGES will observe National Philanthropy Day with an event celebrating the conclusion of a six-year campaign to create a $20 million endowment.
The fund, which began with a $10 million matching challenge from an anonymous donor in December of 2010, will provide $1 million per year in annual operating revenue and ensure the endurance of one of Memphis’ most unique and respected non-profit organizations.
“BRIDGES’ success in meeting its $20 million endowment goal is an incredibly important achievement,” said Robert M. Fockler, President of the Community Foundation of Greater Memphis. “It obviously represents a major step forward in securing BRIDGES’ future, but more than that, it shows that the Memphis community—as evidenced by the broad range of donors who contributed to this effort—understands and supports the importance of building endowments to ensure the long-term financial viability of our cornerstone agencies.
“I believe that BRIDGES’ $20 million endowment is among the four or five largest in our region (excluding colleges, universities, and schools),” Fockler added.
The celebration will take place at the BRIDGES Center, 477 N. Fifth Street, and will also honor Jim Boyd, who laid the foundations for the BRIDGES of today during his 16-year tenure, from 1995-2011.
“Tuesday, November 15 will be a great time to celebrate not only the successful meeting of the $10 million challenge grant for the BRIDGES endowment campaign, but the renaming of the building as the Jim Boyd BRIDGES Center,” said Rebecca Webb Wilson, who founded the Bridge Builders program in 1988 and co-chaired the endowment campaign committee. “Jim was the visionary who orchestrated the name change from Youth Service to BRIDGES. He transformed the board of directors to be reflective of our city’s population, and he championed the creation of the first green commercial building in Memphis to be an inspiration and teaching tool for young people. It is only fitting that this amazing building bear his name.”
BRIDGES $20 Million Endowment Celebration
Tuesday, Nov. 15—National Philanthropy Day
6:30 – 8:30 p.m.
The BRIDGES Center
477 N. Fifth St.
Secure parking on roof or at Fifth St. and A.W. Willis