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Repeat dots BeyondHomeless

Beyond Homeless, Inc. Endowment

 

Founder

Board of Directors, Beyond Homeless, Inc.

Year Founded

2017

Purpose of Fund

The purpose of the Fund shall be to provide support to Beyond Homeless, Inc, a tax-exempt nonprofit organization described in Code sections 501(c)(3) and either 509(a)(1), 509(a)(2), or 509(a)(3).  Its mission is to respond to the needs of our neighbors in the Putnam County region who are experiencing homelessness or who are at risk of becoming homeless because of extreme poverty.

History of Fund

Beyond Homeless Incorporated (BHI) was founded in 2012 with the purpose of addressing the urgent issues of homelessness in Putnam County and the surrounding region.  According to the 2014 United States Census, more than 13.5% of Putnam County residents live in poverty, and consequently poverty is the principal predictor for future episodes of homelessness.  At the beginning of the 2016-2017 school year, the Greencastle Community School Corporation was able to identify 69 students as being considered homeless.  This is only a small area of the population served.

 

The mission of Beyond Homeless, Inc. is to the respond to the needs of our neighbors in the Putnam County region who are experiencing homelessness or who are at the risk of becoming homeless due to extreme poverty.  BHI has a 30-day shelter program that provides emergency housing for single women and women with children.  Meals and personal necessities will be available while residents begin to work toward goals and an independent living plan.  While residents are at the shelter, they are assisted to secure permanent housing and work to improve the circumstances that contributed to their homelessness.  Individuals are expected to use our facilities to gain safety, self-sufficiency, self-advocacy and respect for themselves and others. 

 

In 2017, the board and staff of BHI, recognized the need to diversify our funding sources and become more innovative in the area of fundraising.  One of the challenges being faced by all nonprofits is that many grantors, both corporations and foundations, have moved away from funding general operating expenses and toward funding programs and projects.  Yet, there must first be an organization, and in our case a shelter, before residential programs or projects are feasible.  With this in mind, the Beyond Homeless, Inc. team realized the need for diverse ongoing revenue sources.  Through research and planning, the board approved two endeavors that we hope will assist in long-term sustainability for our organization. 

The first venture is the Beyond Homeless Thrift Store, which is located in the iconic Monon Restaurant building.  The second new endeavor BHI has recently embarked upon is an endowment with the Putnam County Community Foundation.  Both offer the organization ongoing revenue, as well as, helps build community confidence. 

 

Michelle Boller, Executive Director of Beyond Homeless Inc. stated, “It is our firm belief that an endowment gives donors confidence that their funds are being used well and will have a lasting impact as the principal is never expended; only the interest is paid out to the organization for use.  In questionable economic times or even with government administration changes, donations or funding sources may decrease or simply no longer be available.  We must ensure that Beyond Homeless will be a viable and thriving organization in our community for many years to come.  We not only hope to continue our existing shelter services, but hope to expand in order to meet additional unmet needs in our community.  As part of our recent strategic planning, our board and staff recognizes the need to assist men in a greater capacity and we are actively working toward action steps to make that a reality.  The nonprofit world is ever evolving and so must we adapt and change to be relevant and sustainable.”

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