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Board approves March Pickleball tournament to raise funds for Robbie Laughton Endowment
Summary
The board approved a March Pickleball Tournament; Recreation Director Shannon Ray said proceeds will be assigned to the Robbie Laughton Endowment Fund, which must reach $25,000 to regain endowment status and currently holds $17,147.
Recreation Director Shannon Ray told the Chowan County Board of Commissioners that a proposed Pickleball Tournament in March would direct revenues to the Robbie Laughton Endowment Fund. Ray said the fund must return to a $25,000 balance to be considered an endowment by the Community Foundation; she reported a current balance of $17,147.
Commissioner Tony Shaffer moved to approve the tournament and to assign revenues to the Robbie Laughton Endowment Fund; the board voted unanimously (7-0) to approve. The recreation department will operate the event and process proceeds toward the fund balance.
