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County YMCA Gets Financial Boost
April 23, 2008 - The Henry County Community Foundation recently received a five-year $1 million commitment from Randall E. Woods in December 2007 to memorialize his wife, Ellen Saint Woods.
The Henry County YMCA youth scholarships program is the recipient of the earnings of this $1 million donation. As a child, Ellen was an active participant at the “Y” and recognized the value it provides and so it is the hope that youth benefiting from this legacy will learn to give, serve and inspire. The Ellen Saint Woods Fund will help provide scholarships for youth unable to cover the membership and program fees of the Henry County YMCA. Scholarships are based on financial need.
The endowment concept allows this memorial gift to exist permanently. The original donation will never be spent. The earnings from the donated monies will grow from approximately $8,000 in 2009 to approximately $40,000 annually by 2012. Distributions to the YMCA will commence spring of 2009.
Ellen and Randy, both graduates of Walter P. Chrysler Memorial High School, lived in California. A memorial donation to the Henry County Community Foundation from a former classmate, Maribeth Burton Taylor, sparked Randy’s thoughts of investing in their hometown community.
Ellen Saint Wood’s Midwestern roots will be forever memorialized thanks to her family. Youth utilizing the scholarships will be able to participate in YMCA programs that will benefit their lives and help create their own Midwestern values.
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