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Community foundation handing out $117,000 in community grants and student awards for 2014

The Community Foundation of Northwest set a new record for themselves, in the amount of money handed out to students and charitable groups this year.

The foundation handed out more than $117,000 during last night’s annual Christmas reception.

Foundation CEO Tracy Vavrek says they were able to increase their endowments from last year by roughly $45,000.

“Every year we’re going to continue to see that increase, because we as a foundation are growing, and as a result we are able to impact the community at such a stronger level.”

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39 local post-secondary students were the recipients of $37,250, while $80,395 in grant funding was divided up amongst 36 local charity groups.

Since the Community Foundation began handing out these endowment fund grants, they have invested nearly $4.2 Million back in to the community.

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