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Philomath Community Foundation tells council its endowment has grown to roughly $1.4 million; announces four‑year scholarship
Summary
Brad Pankallen told the council the Philomath Community Foundation has grown from about $9,000 seed funds to approximately $1.4 million in assets and has increased community grantmaking and scholarships, including a new four‑year Plymouth Forward Scholarship worth $1,500 per year ($6,000 total).
The Philomath Community Foundation updated the city council on its work and local impact during a scheduled presentation Monday night.
Brad Pankallen, a member of the foundation board, said the group has focused on philanthropy, stewardship, integrity and leadership and now manages roughly $1.4 million in assets that generate grants and scholarships for the greater Philomath…
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