The organizers of Gifts for a Better World, an annual sale of fair trade gifts in Corvallis, spent 26 years donating the sale’s proceeds to local nonprofits, holding back enough money to buy goods for the sale’s next year.
But after organizers decided to end the sale last year, they didn’t need to hang onto money for inventory. So instead, they donated it to the Corvallis Public Schools Foundation to create a new endowment for local schools.
Liv Gifford, executive director of the foundation, said Gifts for a Better World donated $50,000 to create an endowment that will be used on equity projects to support students from low-income families. Gifford said the foundation is trying to raise another $50,000 in matching funds for the endowment, and already has a $30,000 pledge for the effort.
If the foundation hits the goal of $100,000 for the Better World Fund for Equity and Inclusion, the fund would pay out about $5,000 a year. Gifford said the money could be used to fund its current efforts to support students in low-income families, such as funding their extracurricular activities. It could also be used to fund specific projects aimed at increasing equity that are proposed by teachers and principals.
“This is a fund that has a lot of flexibility built into it because it will be around forever,” she said.
Gifford added that she is grateful to the organizers of Gifts for a Better World for donating funds that they had built up over decades.
“We’re incredibly honored to carry on some of their work and direct that to benefit kids,” she said.
Visit https://cpsfoundation.org/ for more information about the foundation.