Anonymous donor saves Fauquier Boys & Girls Club
Boys & Girls Club Executive Director Jon Gregory announces that the club has raised enough money to continue its mission into 2014. - Photo by Adam Goings
Fauquier's Boys and Girls Club will go on, thanks to a last-minute contribution from an anonymous donor.
On Friday afternoon, the last day before winter break, the club made the dramatic reveal to the children it serves: someone had come forth to close the gap of about $200,000 to ensure the club's continued existence.
The club’s mortgage obligations are set to adjust in 2014, raising monthly payments to an unaffordable $10,000 per month on its Keith Street headquarters. While grants and directed donations cover the club’s operating expenses, the mortgage increase isn’t sustainable. After exploring numerous options, club leadership jump-started a dedicated fundraising effort to retire some of the debt and refinance the rest to an affordable monthly amount.
In November, club leadership announced that the immediate funding need had been reduced by more than $1.2 million thanks to nearly 100 direct contributors and a proposal by lenders to restructure a significant portion of the debt. The original goal of the capital campaign, launched in September, was $1.6 million by year-end.
Fauquier Chevrolet owner Andy Budd pledged $100,000. A recent fundraiser jubilee raised about $28,000, but still fell short of about $200,000 the club needed to stay afloat - until the announcement of Boys & Girls Club's anonymous savior Friday.
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