United Way of Central Carolinas’ board of directors approved June 14 the 2012-13 funding recommendations of United Way’s volunteer-led Community Investment Councils. More than half of the agencies – 44 of the 87 – will see a funding increase totaling $441,527.
Union County’s United Way agencies will receive a total of $1.5 million, which is down slightly from $1.52 million last year.
But this year is the first time many organizations have received a funding increase in the past four years.
Overall funding remained at the same level as last year, $16.5 million. However, United Way was able to increase funding to 44 partner agencies due to the closure of a few agencies and several others that did not seek funding for programs which did not align with the findings of United Way’s Community Needs Assessment.
Agency funding was powered by a successful fundraising campaign that raised $20.9 million, surpassing the $20.5 million goal, plus up to $1.2 million from United Way’s stability fund (reserves), as authorized by the board.
The 2011 campaign was the first campaign in four years with an increase in both dollars and donors. As a result, the stability fund request was only half the $2.4 million authorized by the board last year to maintain level funding. The campaign, stability fund, a higher-than-expected level of fulfilled pledges, and cost savings in United Way’s operations budget combined to allow overall community investment to be maintained at $16.5 million.
For more detail, visit www.uwcentralcarolinas.org.