Donors in Peabody have committed over $5000 to the Peabody Community Foundation (PCF) Community Relief Fund in support of the COVID-19 relief efforts. As a result of incoming donations and anticipated needs, the PCF board took action to open The Peabody Community Relief Fund.
“I was contacted two weeks ago by a supporter of PCF wondering what we were going to do in the face of economic hardship brought on by the pandemic,” said Becky Nickel, PCF Director. “The board took action so that funds can be granted locally.”
The Peabody Community Relief Fund is not a traditional endowment, but rather a pass-through fund. This type of fund maintains liquidity and allows the PCF review committee to mobilize grants to charities very quickly.
(Read more: Hillsboro Free Press)
