What's Happening in Youngstown, OH…

Plans to increase the funds available to Mill Creek MetroParks have been adopted, including obtaining naming rights to some of its iconic features.

For the past few months, Youngstown MetroParks development director Chris Litton has helped put together an endowment program. During this time, he has conferred with over 120 financial and estate planners to learn more about how endowers can utilize stocks, property, and insurance.

Parks are among the nonprofits that often find a brochure printing service beneficial.

According to Litton, endowments are not just the purview of the wealth, they can take many Forms. Four bequests of property transfers have taken place in the last year. The value of an endowment remains the same forever, which Litton believes to be a factor that resonates with those considering becoming endowers.

At one time, a popular gifting option was the donation of a memorial bench. However, the park discontinued the this program due to the cost, installation and maintenance of the benches, which have a lifespan of about 20 years.

Gifts to the Mill Creek MetroParks of $250,000 or more come with the perk of being allowed to name one of the park’s iconic features, such as its lily pond or silver suspension bridge. Approximately 15 of these well-established, popular landmarks are awaiting official names.

Monies acquired from the naming rights are earmarked for the general endowment fund, used for finalizing Ford Nature Center capital improvements.

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