How Unrestricted Giving Transforms Lives at Pressley Ridge
While this type of funding is vital for specific projects,
Unrestricted gifts are funds that have no specific requirements on how the money is spent and can be used to support an organization's overall mission. Philanthropist
Unrestricted giving can be transformational for non-profit organizations. Without constraints, organizations can be innovative with programming or choose to fund overhead costs such as staff recruitment, retention and training and purchasing necessary equipment. Most importantly, unrestricted gifts provide stability for long-term planning and goals. Fiscally strong non-profit organizations like
Cole hopes that more funders will consider following
"
Scott's generous, unhindered investment in
Unrestricted gifts give organizations flexibility to use funds where and when they are most needed, increasing the ability to respond when crises arise. During the COVID-19 pandemic, Pressley Ridge needed to respond quickly to continue delivering services to the kids and families who were suddenly house-bound. They were able to draw on foundation reserves to purchase computers and technology to enable kids to access online schooling and families to receive telehealth therapy.
In the past year, Pressley Ridge has seen a 73% increase in unrestricted giving. With these funds, Pressley Ridge can go beyond the prescribed services to support their kids and families, including providing essential resources for children in foster care, enhancing educational opportunities for the students in their specialized schools and delivering additional provisions for families navigating crises.
These additional supports are made possible through the generosity of community partners like Huntington Bank, which has contributed to Pressley Ridge for over 12 years.
"Huntington Bank chooses to support the general operations of Pressley Ridge because we believe in empowering organizations that demonstrate strategic vision and measurable impact," says Shipley. "Pressley Ridge's ability to allocate resources where they are most needed ensures our investment meaningfully strengthens the communities we serve."
Since Pressley Ridge does not rely on fundraising to sustain their operations and overhead, every dollar donated has a direct and measurable impact on improving services and supporting children and families in need. Even amidst the uncertain future of funding for human services, Pressley Ridge is prepared to adapt as needed to continue their mission of doing "whatever it takes to create success for kids and families" for many years to come.
View original content:https://www.prnewswire.com/news-releases/how-unrestricted-giving-transforms-lives-at-pressley-ridge-302571568.html
SOURCE Pressley Ridge
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