How $1.3 Million Will be Put to Work Following the Great Charity Challenge, Presented by Fidelity Investments®

Mar 12, 2020 - 4:33 PM
For Immediate Release

 

Wellington, FL – March 8, 2020 – Forty-nine Palm Beach County non-profits are putting their collective $1.3 million dollars in donations to use following their participation in Palm Beach International Equestrian Center’s 11th Annual Great Charity Challenge presented by Fidelity Investments® (GCC) held on February 1, 2020.

 

The GCC has become a highlight of the 12-week Winter Equestrian Festival (WEF), organized by Equestrian Sport Productions, and has distributed $14.8 million to 256 local organizations since its founding in 2010.

 

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With reports compiled, highlighting how each benefitting non-profit organization plans to further their mission with the use of their earnings, the final numbers are in: 202,806 lives will be directly impacted following this year’s event. This is made possible, thanks to the contributions of 69 sponsors, donors and partners.

 

“Non-profit organizations have an ‘optimized way’ of stretching the impact of a dollar,” comments Mark Bellissimo. “We are inspired to see their intended fund use reports and the number of lives that will benefit from their efforts.”

 

With grants ranging from $1,000 to $150,000, funding will assist with everything from providing financial stability to guarantee that the ones most at risk will not be left behind, to expanding existing programs and launching new ones in the community, as well as bridging the funding gap between government grants and fundraising.

 

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“We are very grateful for the generous support of our donors,” adds event Co-founder Paige Bellissimo. “This event is a true team effort; we couldn’t do it without their vision, leadership and belief that change happens at the local level. Many of them have been with us for many years, highlighting their genuine belief in giving back to the local community.”

 

To view the full intended fund use report, please visit:  https://bit.ly/3awxsXN

 

2020 GCC Impact

 

Here are a few examples of the funds at work:

 

For Vita Nova’s Drop-in center, “the Spot”, the $100,000 in funding received through the Great Charity Challenge will provide Intake and Assessment services for 200 homeless and disconnected youth. In addition, youth will be connected to medical and wellness services, education opportunities including access to our on-site GED program, and case managers who partner with youth to establish and achieve goals related to employment and reduce homelessness.

 

Step by Step Foundation received $30,000; this directly reflects 5,000 backpacks, pencils, rulers, glue sticks, etc. to be distributed to Palm Beach County based children, plus personal hygiene products and basic necessities for vulnerable individuals, all in partnership with local non-profits.

 

For Back to Basics, the math is simple. $25,000 equates to at least 2,500 new school uniforms, all of which will enable children to go to school with dignity and be ready to learn. The funds received will enable them to grow their Uniform Program and extend their reach to eight additional middle schools with children that are living at or below poverty level.

 

Urban Youth Impact was one of five non-profit organizations who benefited from the generosity of the Ziegler Family Foundation, receiving a $10,000 grant. Funding will assist them in empowering 200 inner city youth through their programs, such as through “ReFrame”, a job training program for youth age 15 to 22 years old.

 

For HomeSafe, the lucky recipient of a Social Media Advertising Grant valued up to $18,000 presented by Great Charity Challenge partner and local digital agency Achieve, the next six months will be spent developing new campaigns to help further their important mission of protecting victims of child abuse and domestic violence, as well as reach new supporters in the community.

 

The GCC encourages non-profits to take a sustainable approach by awarding unrestricted funding, giving non-profits the ability to choose exactly how the grant will be best utilized to align with their long-term strategy. Donations are released upon a thorough review of their intended fund use plans; complementary quarterly reports will also update donors and the community at large of the progress/achievements being made locally.

 

“This strategy fully aligns with our 2020-2030 vision,” commented GCC Executive Director Anne Caroline Valtin. “Over the last ten years, we have witnessed first-hand that change happens at the local level. Our commitment for the decade to come is to further promote capacity building, enabling and bolstering invaluable partnerships as well as concentrating on amplifying the event’s impact.”

 

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All benefiting organizations will be reporting their progress quarterly for the upcoming calendar year. For the latest news and event information, 2021 application process, and sponsorship opportunities, please visit  www.greatcharitychallenge.com  and follow the event on  Facebook  and  Instagram  at @greatcharitychallenge.

 

About Fidelity Investments®
Fidelity’s mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. With assets under administration of $8.3 trillion, including discretionary assets of $3.2 trillion as of December 31, 2019, we focus on meeting the unique needs of a diverse set of customers: helping more than 30 million people invest their own life savings, 22,000 businesses manage employee benefit programs, as well as providing more than 13,500 financial advisory firms with investment and technology solutions to invest their own clients’ money. Privately held for more than 70 years, Fidelity employs more than 40,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit https://www.fidelity.com/about.

 

Fidelity Brokerage Services LLC, Member NYSE, SIPC
900 Salem Street, Smithfield, RI 02917

 

Fidelity Distributors Company LLC,
500 Salem Street, Smithfield, RI 02917

 

National Financial Services LLC, Member NYSE, SIPC,
200 Seaport Boulevard, Boston, MA 02110
Categories: GCC News, News
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