Cape Cod Foundation Distributes Over $3.6M in 2018

SOUTH YARMOUTH – A community foundation whose mission is to build permanent charitable resources to better life on Cape Cod distributed more than $3.6 million last year.

The Cape Cod Foundation has now awarded more than 69 million in grants and scholarships since its inception in 1989.

The yearly distributions are based on the fundraising and investment performance in previous years, according to the foundation’s President and CEO Kristin O’Malley.

“We came off a couple of really strong years, particularly in 2017, which meant that we had an increased amount in 2018 to distribute,” O’Malley said.

The distribution total was an increase of more than $200,000 from the previous year.

The 2018 funding included $850,000 in scholarships for local students from the foundation and its supporting organization, the Cape Cod Association. The remaining funds were distributed to nonprofit organizations.

Grant awards support all aspects of Cape Cod life including health and human services, education, arts and culture, the environment, community and economic development, housing, and children, youth and families.

“It covers a wide range,” O’Malley said.

O’Malley believes the Foundation has a unique advantage by supporting such a broad array of issues.

“Everything as we know is connected and we really take a holistic look at the community and look for long-term strategies to a lot of our community’s challenges,” she said. “We can bring partners together and look for diverse and innovative ways to solve some of the challenges that we are facing as a community.”

The foundation raises money from the community, including individuals, families, businesses and other local organizations.

“It’s all raised from the community and then the funds are invested,” O’Malley said. “Market performance certainly helps and the assets grow as well.”

The foundation manages 320 individual funds.

O’Malley said the foundation continues to build on its Vision 2020 initiative, which specifically raises funds to support youth development and nonprofit capacity building.

“We have done some exciting work on the grant making side and we are continuing to do grant making as well as raising the dollars to be able to put back into the community,” she said.

This year the foundation will also support professional development for nonprofits with improvement to infrastructure and technology and other tools and resources the organizations need to be as productive as possible.

The foundation will also celebrate its 30th anniversary throughout 2019.

“We are also going to have a few things that are kind of our gifts to the community tied to that,” O’Malley said. “I can’t say much more than that at this point, but there will be some more news rolling out within the next few months.”

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