Legacy Foundation Discloses 2018 Audit Report

By Ellis Codjoe, June 14, 2019

The Ottumwa Regional Legacy Foundation recently released their audit report and it revealed that the organization provided $2.4 million in grants in 2018.

The independent audit report was declared clean for the ninth consecutive year according to Kelly Genners, Vice President of Programs and Initiatives.

CEO Steve Dust was pleased by the report.

“This achievement reflects a continuing commitment of our Board of Directors to remain vigilant stewards of Foundation corpus, and management’s continuous improvement of our internal financial practices.”

A press released showed some of the different programs that benefited from grants received from the Legacy Foundation in Wapello County:

  • Pickwick Early Childhood Center and Spark Tank in the Ottumwa Community School District
  • the GPS career/college initiative at Cardinal Schools
  • an accelerated dilapidated home removal program for the city of Ottumwa
  • the facade and housing rehabs on Main Street in Ottumwa’s downtown district
  • the Bright Ideas Community Enrichment Fund that provided aid to several projects, read about them here

To see more programs the Legacy Foundation helped fund go here.

Since becoming established in 2010, the Legacy Foundation distributed over $18.8 Million to projects in Wapello County in the strategic priority areas of Jobs, Education, Housing, and Revitalization.

The Foundation holds nearly $69 million in assets according to Jenners.

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