Community Foundation commits $484,400 to expansion of New Hope for Families
Funds will help our community’s most vulnerable families and expand access to high-quality early learning
New Hope for Families announced new commitments totaling $484,400 from the Community Foundation of Bloomington and Monroe County in support of the Growing New Hope capital campaign.
New Hope for Families Executive Director Emily Pike, Community Foundation President Tina Peterson, and New Hope Board President Andrew Allard at the groundbreaking ceremony for New Hope’s new facility on April 12, 2021.
“We are deeply grateful for the Community Foundation’s generous support,” said New Hope Executive Director Emily Pike. “In addition to the funding — which has provided targeted support at several critical stages of our project — the Community Foundation team has provided expert guidance and encouragement that have proven invaluable.”
The Community Foundation’s commitments include $134,400 in multi-year grants for the expansion of New Hope’s early childhood care and education program; a matching grant of up to $50,000 for the Roland E. Kohr Fund for New Hope Family Shelter, an endowed fund held by the Community Foundation; and a $300,000 low-interest bridge loan to cover a portion of development costs for New Hope’s new facility at 1140 S. Morton Street.
These contributions apply toward the $5.75 million goal of the Growing New Hope capital campaign announced by New Hope during its April 12 groundbreaking ceremony. The new facility is scheduled to be substantially complete by late January. New Hope’s early childhood programs will move to the new facility in stages as portions are completed.
“We greatly value the partnership fostered with New Hope over the years,“ said Community Foundation President and CEO Tina Peterson. “New Hope has continually demonstrated a commitment to our most vulnerable children and families. By providing essential housing and high-quality early learning experiences, New Hope is giving children and families a safe place to build a strong foundation to succeed in school and life.”
About New Hope for Families
New Hope for Families, currently located at 301 W. Second Street, has emerged as a community leader in social services for families in crisis. New Hope is the only place in Monroe County where families with children can find emergency shelter together. New Hope provides the only emergency shelter in the state of Indiana with on-site childcare rated Level IV Paths to Quality. More than 90% of the parents who have children enrolled in New Hope’s early childhood education program were able to gain or maintain employment.
About Community Foundation of Bloomington and Monroe County
Created by individuals, families, and businesses who share a passion for Monroe County and a vision for its future, the Community Foundation of Bloomington and Monroe County has granted more than $27 million since its incorporation in 1990. With a growing $44 million endowment, the Foundation makes a difference by connecting caring people, important causes, and community resources.
Related: Growing New Hope capital campaign