Education Fountation Back In Play
After seven years of dormancy, the Transylvania County School Educational Foundation is back in full force and ready to donate $16,000 worth of mini-grants to Transylvania County Schools.
"Because no gifts have been made in so long, we are taking 7 percent of our June 30th balance and giving it away to give us the ‘oomph' to get us started again," said Page Lemel, the Foundation's president.
Education foundations generally only give 5 percent of their three to five year approximate balances, said Lemel. The Transylvania foundation will do the same once it is fully reestablished.