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Kevin P. Murray
The Kevin P. Murray Memorial Fund
- Click here to download a donation form for the Kevin P. Murray Memorial Fund
- Click here to download a grant application form for the Kevin P. Murray Memorial Fund
The Kevin P. Murray Memorial Fund, founded in September 2006, is dedicated to the memory of Kevin Patrick Murray. Kevin was an active supporter of youth athletic programs. This perpetual fund is dedicated to Kevin's memory by supporting his goal of helping young people fully enjoy the benefits of athletic activities.
The Kevin P. Murray Memorial Fund is established to assist children and teens to fully enjoy athletic programs by providing funds to help families or coaches purchase athletic equipment for their children, or specific players.
Individuals receiving aid from the Fund are asked to donate the funded equipment, if serviceable, to the Waldoboro Recreation Department when it is no longer being used. The Waldoboro Recreation Department will establish an equipment loan program, as part of the Kevin P. Murray Memorial Fund, to create an on-going resource for youth sports equipment.
- Fund Management
The Kevin P. Murray Memorial Fund assets are under the control of the Medomak Valley Community Foundation (MVCF), a 501 (c) 3, IRS Certified, Nonprofit Corporation, and licensed Maine Charitable Organization.
- Fiscal Management
The MVCF will deposit funds donated to the Kevin P. Murray Memorial Fund in an investment account. These funds will retain their identity as a sub-account of the MVCF's balance sheet. The MVCF Treasurer, with the approval of the Board of Directors, will invest the Memorial Fund's assets in the most appropriate financial vehicle based on the Fund's disbursement plans, as recommended by the Kevin P. Murray Memorial Fund Committee.
- The Grant Process
Families, coaches, or youth athletic organizations may apply for grants from the Kevin P. Murray Memorial Fund at any time during the year. In making a grant request, the applicant will complete a form and attach a letter detailing the purpose of the request, children to be served, etc.
The MVCF's Board of Directors will select three of its members to act as the Kevin P. Murray Memorial Fund Committee. This Committee will review funding requests, develop fiscal plans for the Fund, and present recommended actions to the full MVCF Board.
- Fund Disbursement
Approved grants will be paid to the equipment supplier, or retail outlet, in the name of the beneficiary child. Funds will not be paid directly to the requestor. The supplier or retail outlet will be required to provide the MVCF with a receipt for each grant purchase.
By September 2007, the Kevin P. Murray Memorial Fund will at least grant the full amount of accrued interest to purchase youth athletic equipment. If there are insufficient requests for grants, the Fund will purchase equipment for the Waldoboro Recreation Department's equipment loan program.
- Fund Raising
The MVCF's Board of Directors, in consultation with the Murray Family, will approve all fundraising campaigns for the Kevin P. Murray Memorial Fund.
As a minimum, the MVCF will list the Kevin P. Murray Memorial Fund in its Annual Report and provide detailed information regarding the number of grant requests and the total amount of grants approved.
The MVCF will also list the Kevin P. Murray Memorial Fund as a donation option on all of the Foundation's general fundraising literature and on the Foundation's website.
The Murray Family and the Medomak Valley Community Foundation Board of Directors approved this Fund Plan on October 18, 2006.