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DeKalb County Promise To Receive $20,000 Donation

The Star 12-18-18

Children watch a drone overhead taking photographs at the DeKalb County Promise Walk Into My Future event last September.

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AUBURN — The Cairn Foundation, a small, private family foundation that offers grant awards by invitation only, has announced a pending gift of $20,000 to the Promise Student Match Fund held by the Community Foundation of DeKalb County.

“The Cairn Foundation is exceptionally proud to support a program that has the potential to affect the future for hundreds of DeKalb County’s children,” said a representative of the Cairn Foundation.

DeKalb County Promise is a countywide collaboration, built of a large group of partners that seek to ensure that every child in the community has the assets, family, friends and community support necessary to help every child pursue his or her career dream.

Phase two of DeKalb County Promise, enrollment in career savings accounts for grades K-3, will begin at DeKalb County school events this January through March.

Students whose families enroll them in Promise 529 career savings plans will automatically receive $25 in their children’s accounts simply for enrolling. A matching deposit of $25, raised by students through the help of people who believe in their futures, will trigger an additional $75 deposit in each student’s 529 account, the foundation said.

“The Student Match Fund will help give hope to hundreds of children across the county in 2019 as they watch their career savings grow and start to envision bright futures for themselves. Currently, we’re thrilled to be in a position to be able to leverage gifts to DeKalb County Promise. Taking advantage of current match opportunities, this generous gift can make a $40,000 impact on children’s savings accounts,” said Judy Sorg, interim executive director of Community Foundation DeKalb County

As phase one of the DeKalb County Promise initiative, nearly 2,000 DeKalb County students in grades K-3 were taken on a field trip, titled “Walk Into My Future”, in September at the Ivy Tech north campus in Fort Wayne. While at Ivy Tech, students experienced a variety of age-appropriate career stations, including robotics, welding, engineering, and nursing.

The Promise initiative encourages students and their families to obtain the information and tools necessary to increase access to and success in career training or education beyond high school. This includes supporting career discovery, academic readiness, and savings for post-high school learning from an early age.

“Families who ask us, ‘What they can do?’ We ask you to believe in your kids, grandkids, neighbor kids … and tell them directly. Financially, we’re going to provide you with several ways to help the larger community as well as those students you know and care for,” said Matt Bechdol, vice-president of the board of the Community Foundation of DeKalb County.

To learn more about DeKalb County Promise or how to become involved, people may contact Sorg at 925-0311, ext. 303, or send e-mail to JSorg@CFDeKalb.org.

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To get involved, volunteer, or just share your ideas, please contact us at Community Foundation DeKalb County, 700 S. Main Street, P.O. Box 111, Auburn, IN 46706, call 260-925-0311 or email promise@cfdekalb.org.

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The DeKalb County community Promise funds are intended for qualified post-high school training and educational expenses, and not for K-12 private school tuition. For more information about the CollegeChoice 529 Direct Savings Plan (“CollegeChoice 529”), call 1.866.485.9415 or visit www.collegechoicedirect.com to obtain a Disclosure Statement, which includes investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before investing. Ascensus Broker Dealer Services, Inc. (“ABD”) is Distributor of CollegeChoice 529. If you are not an Indiana taxpayer, consider before investing whether your or the beneficiary’s home state offers any state tax or other benefits that are only available for investments in such state’s qualified tuition program. CollegeChoice 529 is administered by the Indiana Education Savings Authority (Authority). ABD, the Program Manager, and its affiliates, have overall responsibility for the day-to-day operations, including investment advisory, recordkeeping and administrative services, and marketing. CollegeChoice 529’s Portfolios invest in: (i) mutual funds; or (ii) an FDIC-insured omnibus savings account held in trust by the Authority at Sallie Mae Bank. Except for the Savings Portfolio, investments in CollegeChoice 529 are not insured by the FDIC. Units of the Portfolios are municipal securities and the value of units will vary with market conditions. Investment returns will vary depending upon the performance of the Portfolios you choose. Except to the extent of FDIC insurance available for the Savings Portfolio, depending on market conditions, you could lose all or a portion of your money by investing in CollegeChoice 529. Account Owners assume all investment risks as well as responsibility for any federal and state tax consequences.