"It is not possible to know today what the urgent needs of the Wright’s Mesa communities will be in the future."
No one anticipated when the fund was started that in just five years a new library would be constructed, the raw water project would be completed, the Norwood Fire District and EMS would hire full time staff, a Dark Skies designation would be granted, Main Street improvements would be clearly visible, the Livery would be purchased, or the Town Park would be renovated.
The Trust did not yet have the funds to be able to support all these initiatives.
When nonprofits or community entities raise funds for such projects it can take many months to apply for grants or raise tax revenues. When there is a substantial corpus in the Trust, an immediate response will be possible for such projects from the earnings.
For example, if the Trust has an investment fund total of $100,000, annual grants totaling $5,000 are possible; with $500,000, $25,000 can be granted annually. When the goal of $1 million is reached, annual grants could total $50,000.
All this support for community improvements would not involve any tax revenue from businesses or individuals and would directly benefit the children and grandchildren of today’s residents.