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Now browsing: Hometown News > Community > Indian River County

Nonprofit to receive $25,000 gift
Rating: 3.35 / 5 (23 votes)  
Posted: 2012 Oct 26 - 00:42

For Hometown News

INDIAN RIVER COUNTY - Florida Power & Light Company plans to make a $25,000 gift to the United Way Foundation of Indian River County, the largest outright gift from a corporate partner the foundation has received to date. The foundation announced a $10M endowment campaign earlier this year.

"At FP&L and our parent company, NextEra Energy, we are longtime partners of the United Way, and we see the positive impact of that partnership across the state of Florida," said Eric Silagy, FPL president.

FPL and its employees in the last 10 years have contributed more than $224,000 to the annual campaign in Indian River County and the company's partnership with United Way dates much further back.

This gift to the foundation is a way for FP&L to help build a permanent endowment that will grow over time and serve as a continuous stream of resources for years to come.

Each year, the annual campaign generates much- needed funding that's immediately deployed in support of 42 programs at United Way's 32 partner agencies in the county.

It also helps support United Way initiatives such as FamilyWize prescription assistance and the voluntary income tax assistance programs.

United Way manages an emergency/crisis and special projects fund and a disaster relief fund, poised as the county's emergency support function and designed to play a significant role when a hurricane strikes the community.

United Way is engaged in a number of different collaborative partnerships all designed to address priority issues in Indian River County, such as mental health and third- grade literacy.

Working with corporate partners and individual donors, the United Way Foundation of Indian River County, led by a separate board of directors with highly specialized skill sets and organized as a supporting organization to the United Way of Indian River County, seeks to build the endowment by $10M in the next five years through a combination of outright and planned gifts.

Planned gifts include testamentary gifts, such as including the foundation in one's will and gifts of life insurance. The foundation currently has $2.6M in assets and almost $800,000 in deferred commitments made to date.

For more information, visit www.unitedwayirc.org.

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