November 2007

The holiday gift that supports the work of nonprofits across Maine

a donation to the Genesis Fund's permanent lending pool honors your friends and family over and over

Please make your gift now.  Click here for an order form.

Since 1992 those who support the Genesis Community Loan Fund have understood the extraordinary work that a revolving loan fund can do. By making flexible, low-interest loans rather than outright grants to Maine 's nonprofit organizations, the Genesis Fund can use the same pool of funds over and over again. And in 15 years of lending, we've never had a loan go bad.

Many supporters make short- or long-term investments in our revolving pool of capital, others donate to our annual appeal to help us keep the lights on and to help fund the technical assistance our staff offers to nonprofits in addition to the loan check – often at low- or no-cost.

This holiday season the Genesis Fund offers an additional way to support our work: A donation to our permanent pool of revolving capital in honor of a friend or family member. In June 2007 the board of directors named our permanent pool of capital, which

Inside card text [YOUR NAME] has given a gift of [AMOUNT OF GIFT] in your honor to the Genesis Community Loan Fund’s revolving capital pool. However, this isn’t a one-time gift. As a part of the Genesis Fund’s permanent lending pool, the gift made in your honor will be repaid and then lent again and again to different nonprofit organizations throughout Maine. Perhaps this year it will help... purchase a home for individuals with cerebral palsy to live independently. Perhaps next year it will help... preserve a public working wharf that might otherwise be closed to Maine fishermen by private ownership. Perhaps the following year it will help... renovate a community center to host much needed after-school programs. Visit www.genesisfund.org to find out where your money is working for good in Maine. While you’re there, please sign up on our home page for our monthly email newsletter to hear stories about the work of the Genesis Fund. Happy holidays and welcome to our world!

Back text Since 1992 the Genesis Community Loan Fund has made loans to nonprofit groups across Maine working to improve their communities by developing safe, stable and affordable homes as well as many other social and economic opportunities for Maine’s most vulnerable citizens. “Happy Village,” assemblage collage by Debra Arter, 2006. Also available from the artist at 207.563.7100 as a 10” x13” print, with a portion of the proceeds being donated to the Genesis Fund's Annual Appeal. [Genesis Fund logo]

stands at $1 million of the total $4.4 million in the lending pool, the Elizabeth McPherson Permanent Capital Fund, in honor of Beth McPherson who retired after serving as Executive Director for 14 years.

"The more funds permanently placed in our lending pool, the greater the capacity we have to serve Maine communities most in need. With permanent funds, we are freer to be innovative and flexible with terms, rates and other considerations than we are when making a loan from a pool of capital primarily comprised of investors' funds," said Joanne Campbell, Genesis Fund president and Senior Vice President of Camden National Corporation.

With a $50 gift to the permanent loan pool, we will send your honored friend or family member a beautiful fine arts holiday card to mark your gift and explain the work of the Genesis Fund. The card, (pictured above) adorned with an assemblage collage image titled " Happy Village," by Damariscotta artist Debra Arter is also available as a larger print with a portion of the proceeds going to the Genesis Fund Annual Appeal.

Your gift to our permanent revolving loan pool will allow your loved one to look at housing and community development projects across Maine in the years to come and say, "My gift is working there, and there, and there."

Thanks for your continued support.

 

Click here to order prints of "Happy Village."

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