Cass County Community Foundation announces year-end assets at $50.6 million, officers for 2025

Last Updated on January 11, 2025 by Cass County Communication Network

Year-end figures released at the January 2025 Cass County Community Foundation board meeting reported the Foundation’s total assets to be over $50.6 million. The Foundation has experienced tremendous growth over the last fifteen years when they ended December 2009 at $10.4 million. Over 94% of the foundation’s assets are permanent endowments which will benefit the community forever. Established in 1993, the foundation has provided grants to support Cass County non-profit organizations and scholarships to over 1,900 Cass County students since incorporating as a single county entity in 2001 totaling over $13.8 million.

The Cass County Community Foundation also announced officers for 2025. Elected officers for 2025 are: Board Chair, Luke Gangloff; Vice Chair, Kathlene Maughmer Mayhill; Treasurer, Tim Rich; Secretary, Lynn Korniak, and Past Chair, Molly Long Sterrett.

The officers will be joined by new board member, Jim Layman and continuing board members: Lucy Burns, Suzanne Chilcott, Greg Comoglio, Mike Englert, Paul Kroeger, Barrie McClain, Sue Ridlen, Mike Shannon, Lisa Swaim and Kory Wilson.

For more information, please call the Cass County Community Foundation on 574-722-2200.

SOURCE: News release from Cass County Community Foundation