Vandalia Leader

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Tax credits totaling $500,000 now sold

Posted on Wednesday, December 31, 2014 at 1:36 pm

A sign has been erected in front of current Vandalia Branch Library, showing the future site of the Library/YMCA building in Vandalia.

A sign has been erected in front of current Vandalia Branch Library, showing the future site of the Library/YMCA building in Vandalia.

The Eastern Audrain Library/YMCA Project reached a major milestone recently when the Steering Committee reported that $500,000 worth of tax credits have been sold through the Neighborhood Assistance Program (NAP) grant.
Steering Committee Chairperson Felicity Goodpasture-Culwell  said this means there is $500,000 in the bank for the program.
“So now our main concentration is asking people for pledges, whether it be for one time or a pledge for three to five years,” Goodpasture-Culwell said.
Pledges currently being sought include:
• $1-$499 (Friends), listed in recognition book
The rest receive a ceramic tile on recognition wall, made by Brenda Babb, with donors over $50,000 getting the opportunity to name a room in the facility.
Sponsorships levels:
• $500-$999 (Sponsors)
• $1,000-$4,999 (Leaders)
• $5,000-$9,999 (Mentors)
• $10,000-$49,999 (Partners)
• $50,000-$99,999 (Pacesetters)
• $100,000 and up (Visionaries)
Goodpasture-Culwell said the building doesn’t have a name as of yet.
“Everybody who gives a donation will be recognition,” added Goodpasture-Culwell.
The project will cost an estimated $4.1 million.
If fundraising efforts can collect 80% of the project costs, the project would be eligible for a Mabee grant, that could cover the final 20% needed.
Along with reaching the financial milestone, the project is now being recognized through a sign erected two weeks ago in front of the current Vandalia Branch Library on Main St.
The sign was created by Mary Wallace, of Unique Designs, and erected by the City of Vandalia.
“We just wanted to give everybody a visual of what it’s going to look like,” Goodpasture-Culwell added.