21st Gilroy Garlic Festival Provides Local Charities $246,159.GILROY, Calif.--(BUSINESS WIRE)--Oct. 26, 1999-- The Board of Directors of the Gilroy Garlic Festival The Gilroy Garlic Festival is one of the largest food festivals in the United States, held annually in Gilroy, California on the last full weekend in July at Christmas Hill Park. The Gilroy Garlic Festival is considered by some to be the best garlic festival in the world. Association announced today that it will disburse dis·burse tr.v. dis·bursed, dis·burs·ing, dis·burs·es To pay out, as from a fund; expend. See Synonyms at spend. [Obsolete French desbourser, from Old French desborser a total of $246,159 to 148 area charities represented by volunteers at this year's internationally acclaimed event. The 1999 Gilroy Garlic Festival ran July 23-25 at Christmas Hill Park and entertained 126,742 visitors from across the globe including attendees from Germany and South Korea. The legions of guests to the Garlic Capital of the World consumed over 25 tons of garlic enhanced foods. The nearly one-quarter of one million dollars in revenue generated for local non-profit associations represents a 20% increase over last year's awards and surpasses $5.5 million in monies provided to community non-profit interests in 21 years of Festival operation. "The ultimate goal of the Garlic Festival The Garlic Festival is a fundraising event that is held on the Isle of Wight. For 21 years, since 1985, the Newchurch Parish Sports & Community Association organised the annual Garlic Festival, achieving their major fund raising aims. is to provide a mechanism by which local non-profit organizations A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. can supplement their income, " said Randy Costa, President of the 1999 Gilroy Garlic Festival Association Board of Directors. "That is the mission statement formulated by the founders of this Festival and to be able to continue that tradition 21 years later is a very positive reflection of this entire community." Recipients of Festival revenue are determined by the Shared Equity Program, originally devised for the first Garlic Festival and now imitated worldwide. Through the Shared Equity Program each of the event's 4,000-plus volunteers designate the organization they wish their labor to benefit. Each volunteer's hours are meticulously me·tic·u·lous adj. 1. Extremely careful and precise. 2. Extremely or excessively concerned with details. [From Latin met recorded and after the Festival rectifies its expenses, net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). are divided at an hourly rate and provided to each of the respective charities. Regarded nationally as the premier food festival in America, the first Gilroy Garlic Festival of the 21st Century will be July 28-30, 2000. |
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