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Children's center makes push for 1M endowment.

Byline: Ioannis Pashakis

The East Hempfield Township children's center has built an $800,000 endowment over the past four years and plans to reach $1 million over the next year. The nonprofit created the endowment in 2014 and has raised $200,000 every year since.

Aware that the center may not sustain the growth it has seen in fundraising, Schreiber officials kicked off a campaign this month to top off the nonprofit's endowment fund under a partnership with Lancaster-based law firm Atlee Hall.

The firm pledged $10,000 to the fund and will be working with local law firms to match its donation. James DeBord, Schreiber's president, said the center expects that a mixture of word of mouth and one-on-one conversations with donors will push the campaign across the finish line by June.

Schreiber provides outpatient and in-home pediatric therapy to over 4,000 children in Central Pennsylvania a year.

"The endowment is something if you take it to a high-enough level, even if the markets are unkind, it should still be able to provide a safety net for a nonprofit of this significance to say 'OK, we can weather this storm,'" said DeBord.

The law firm expects a number of people and businesses to donate to the center. Jaime Jackson, a partner with Atlee Hall, said the firm will double its donation, if needed, to help Schreiber meet its goal.

"When we get to the end of the campaign we will donate the last $10,000 to get it to a million or over," Jackson said. "People might know the name Schreiber, but they may not know what kind of a treasure they are and we all need to step up and support them."

The center has yet to use any earnings from the endowment and will continue to put them back into the fund.

More than 90 percent of Schreiber's funding comes from Medicaid reimbursements. But the money doesn't cover all its costs. As recently as 2012, the center faced annual deficits upwards of $600,000.

But it has since increased its fundraising by 500 percent. The influx has helped the center hire more therapists, refurbish parts of its facility, open an infant day care and buy better equipment, including treadmills and iPads.

DeBord said he hopes that bringing the endowment fund to seven digits will spark even more donations from local businesses.

"Overall we are up, but the problem for us is, what was up last year and met last year's needs won't meet what we need this year," DeBord said.View the full article from the Central Penn Business Journal at http://www.cpbj.com/article/20190204/CPBJ01/190209975/childrens-center-makes-push-for-1m-endowment. Copyright 2019 BridgeTower Media. All Rights Reserved.

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Title Annotation:East Hempfield Township children's center; Atlee Hall
Author:Pashakis, Ioannis
Publication:Central Penn Business Journal
Geographic Code:1U2PA
Date:Feb 4, 2019
Words:459
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