Interfaith Establishes Endowment at OBCF to Help Outer Banks Forever
Interfaith Community Outreach has established a new charitable endowment to provide a permanent source of funding to “bridge the gap” for the working class poor — providing support, guidance and assistance to our neighbors in Dare and Currituck Counties who are faced with a temporary emergency crisis and for ICO Cancer Support — helping to offset travel, medical and basic living expenses for those suffering with cancer.
The new fund, called the Interfaith Community Outreach Endowment Fund, will provide ongoing and perpetual support for any and all of the organization’s program, community outreach, cancer outreach, and operating, and/or capital needs. The endowment will be held at the Outer Banks Community Foundation.
“Since ICO’s founding in 2003, Interfaith Community Outreach has helped over 19,000 individuals in Dare and Currituck who were facing a temporary emergency crisis,” said Jenniffer Albanese, Executive Director of Interfaith Community Outreach. “These are friends, neighbors, co-workers and even family members that are struggling, many of them in silence. They are struggling to pay rent in order to keep a roof over their heads and they are living in the dark because they couldn’t afford to pay their electricity bill last month. These are just a few examples of what Interfaith Community Outreach addresses each day with people who turn to us when they can no longer carry the burden on their own.”
“Our Staff, Board, and Volunteers work incredibly hard each and every year to raise the funds needed to support our mission of helping people facing a temporary emergency crisis,” said Ms. Albanese. “With this new endowment, we have established a permanent, sustainable source of funds to supplement the annual dollars we raise. This means more support for residents in our community facing a temporary emergency crisis, and more sustainability for our Non-Profit Organization.”
“All of us at the Community Foundation are honored to partner with Interfaith,” said Lorelei Costa, the Community Foundation’s Executive Director. “From our partnership administering Dare County’s Disaster Relief Fund, to our major grant in support of Interfaith’s new building, and now this new endowment fund, the Community Foundation is proud to help support this wonderful organization.”
The Outer Banks Community Foundation holds endowment funds by and for over 40 nonprofits and churches across the Outer Banks, including Food for Thought, Outer Banks SPCA, St. Andrews By-the-Sea, Elizabethan Gardens, Chicamacomico Life-Saving Station, Dare County Arts Council, and Mt. Olivet United Methodist Church.
Anyone can make a tax-deductible gift to the Interfaith Community Outreach Endowment Fund — or to any of the Community Foundation’s other funds — at www.obcf.org/donate.
For more information on establishing an endowment for your nonprofit, contact Lorelei Costa at 252-261-8839.
The Outer Banks Community Foundation is a public charity that connects people who care with causes that matter. The Community Foundation manages $13 million in charitable funds for individuals and agencies, awards charitable grants to local nonprofits, administers 45 scholarship funds, and provides tailored services to help donors pursue their charitable interests. Since its inception in 1982, the Community Foundation has awarded more than $7 million in grants and scholarships to local nonprofits and students.
Interfaith Community Outreach, Inc. is a 501c3 nonprofit whose mission is “helping residents who are facing a temporary emergency crisis in Dare and Currituck Counties”, bridging the gap in our community. If you are interested in volunteering or need help, please contact Jenniffer Albanese 252-480-0070.
