Kiwanis Club receives $10K donation
The Kiwanis Club of Oakmont Foundation received a $10,000 donation from one of its club members for the establishment of an Endowment Fund. Additionally, the anonymous member pledged another $10,000 each time the club raises $10,000 to add to this endowment.
This member expressed the desire to insure the long term continuation of the Kiwanis Club’s activities designed to improve the lives of children. Utilization of the income from such an endowment fund, while preserving the principal, will enhance those activities and enable their expansion. It will stabilize the club, making it less dependent on work-intensive fund raisers and more effective in its focus on serving the young people of Sonoma Valley.