Former graduate’s estate seed fund supports Centerville students; committee seeks donations to meet challenge grant
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Summary
A new special-interest fund established from the estate of alumnus Brad Bucher has $21,000 and has awarded two $5,000 grants. Organizers aim to reach $50,000 and $100,000 milestones that would increase annual payouts to Centerville students; a $10,000 challenge grant from the McGalpin family was announced.
At the June 16 meeting Jack Lobeck described a special-interest fund established to support Centerville students from the residual of the estate of alumnus Brad Bucher.
Lobeck, who identified himself as an organizer, said the fund is held at the Dayton Foundation as a 501(c)(3) and that the purpose is to assist students in ways the school administration deems appropriate, not only to offset activity fees. He said the fund currently stands at about $21,000 and that the committee has awarded two $5,000 grants over the last two years; another grant round is scheduled for September.
Organizers said the fund’s short- and mid-term goals include reaching $50,000, at which point annual contributions to the school would increase from $5,000 to $7,500, and a longer-term $100,000 goal that would allow $10,000 in annual contributions. Lobeck said the McGalpin family has offered a $10,000 challenge grant to help grow the fund and that the group planned fundraising outreach to parents, alumni and community members.
Lobeck invited contributions and said details about donation mechanics and the fund’s operating procedures were in a one‑page handout distributed to board members.
Why it matters: The fund is a locally organized, endowed-structure vehicle intended to provide recurring support to Centerville students; organizers are seeking public contributions to grow the endowment and increase annual grants to the district.
