Earlier this week, Greg Henry, Executive Director for the Big Spring Area Community Foundation, announced that a new endowed fund has been generated specifically for the Howard County Volunteer Fire Department.
According to Henry, an endowment is a type of fund that continues to grow from the interest that it generates.
"Each year we take what is earned through the interest [of the fund] and we give a portion of that. This, specifically, goes to only one agency and that is the [Howard County] Volunteer Fire Department. So, [donors] can give and each year a portion of that goes back to the [HCVFD] and they can use it however they want," said Henry.
Jan Foresyth, Board Member for both the Big Spring Area Community Foundation and the HCVFD, stated that the goal of the endowment fund is to generate revenue for the Volunteer Fire Department because they are not tax-supported.
It should be noted that although Howard County may provide fuel and a small allowance for maintenance, but the non-profit organization has been supported by donations alone and every member of the HCVFD is a non-paid volunteer.
For more information on how to donate to the Howard County Volunteer Fire Department, visit www.bsacf.org, or contact Greg Henry, Executive Director for BSACF, at (817) 228-1015.