Lubbock Help Levelland Form Area Endowment - KCBD NewsChannel 11 Lubbock

1/27/08

Lubbock Help Levelland Form Area Endowment

The goal is to make sure their community continues to prosper, and they're getting a little boost from Lubbock.

The Lubbock Area Foundation challenged Levelland to raise $50,000 to create their own endowment for their community. As a result, the Lubbock Area Foundation would award a matching $50,000 grant.

"It's our first community outside Lubbock County that's come to form their own fund, endowment with the community raised by local people and dedicated to preserving the wealth of their community and putting it back to work for them," Kathy Stocco, Executive Director for the Lubbock Area Foundation.

Well, Levelland accepted the challenge and raised more than $70,000 plus a $40,000 anonymous donation.

Sunday, the two announced the success in establishing the Levelland Area Endowment, "This money will grow. It will be a money that we'll give to the community for various activities - could be arts, elderly, just name it. It will be for the people in Levelland and Hockley County," Joey Pierce, chairman of the Levelland Area Endowment Steering Committee said. 

Levelland hopes to raise about $1 million in the next 3-5 years for the endowment.

 

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