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Sherman County Community Foundation urges Goodland to consider endowed funds for parks, cemetery and trails
Summary
Tina Woolock of the Sherman County Community Foundation asked the commission to consider establishing endowed funds for city interests (cemetery, parks, Topside Trail, police) so match‑day donors and estate gifts can create sustainable annual grant revenue; she outlined minimums and a match incentive from a local foundation.
Tina Woolock, executive director of the Sherman County Community Foundation, addressed the commission during public comment on Oct. 25 to ask that city entities consider establishing endowed funds that would generate annual grant income for local projects.
Woolock described Match Day (Dec. 2 this year) and said the foundation offers mechanisms to accept gifts of grain, stock, IRAs and estate donations and to steward endowments that pay out an annual percentage (she described a 5% annual payout model). She said a minimum $10,000 endowed fund is standard but that a local Hansen Foundation promotion could reduce the minimum to $6,000 with a matching component and a four‑year window to reach endowment status.
Woolock suggested possible city funds for cemetery care, parks maintenance, Topside Trail, pool, and a police department fund; she encouraged interested departments and nonprofit partners to contact Kent or the foundation ahead of Match Day. The commission thanked her and exchanged brief clarifying questions about existing funds (the beautification downtown flowers fund is held with the foundation; the museum plans to start a fund).
