The Jones Trust Announces Two Multimillion Dollar Commitments
Gifts from Walton Family Foundation and Care Foundation represent beginning of $30 million endowment campaign to support goals of The Jones Trust and The Jones Center
SPRINGDALE, Ark. December 14, 2012 – The Jones Trust, an organization dedicated to supporting nonprofit organizations that serve families and strengthen communities throughout Northwest Arkansas, launched an endowment campaign today with the announcement of $20 million in contributions from the Walton Family Foundation and Care Foundation, a fund of Endeavor Foundation. These donations serve as lead gifts in a $30 million campaign that will benefit the short- and long-term financial goals to sustain The Jones Trust and the Jones Center.
Care Foundation and the Walton Family Foundation have each pledged $10 million to the campaign. Care Foundation is contributing an outright gift of $10 million, while the Walton Family Foundation has made available up to $10 million pending the realization of a 1:2 match requiring an additional $10 million to be raised from other supporters. In addition to these endowment funds, the Walton Family Foundation is awarding the Jones Trust $3 million, to be distributed over the next three years, for major capital improvements and maintenance projects for The Jones Center facility.
Ed Clifford, CEO of The Jones Trust and The Jones Center, said, “The Jones Center is an integral part of the Springdale community infrastructure and a cultural bridge for all of Northwest Arkansas, and these endowment gifts help to ensure that it continues to be a positive force for many years to come.”
“The Jones Trust and its amenities are critical connectors in our vibrant and diverse community,” said Ryan Hale, Program Officer at the Walton Family Foundation. “Ensuring their longevity will make our region an even better place to work and play.”
The grant to The Jones Trust is the latest of the Walton Family Foundation’s “Home Region” initiatives intended to improve the quality of life in Northwest Arkansas, the state of Arkansas and the Delta region of Arkansas and Mississippi.
Endeavor Foundation is dedicated to ensuring Northwest Arkansas remains a vibrant and thriving region by nurturing a spirit of community philanthropy. Its supporting organization, Care Foundation, has consistently contributed to The Jones Center for the last 12 years, and this $10 million endowment gift underscores an ongoing commitment to education, health and other critical needs in the region.
According to Anita Scism, President/CEO of Endeavor Foundation, “The Jones Center supports the health, recreation and well-being of so many children and families in Northwest Arkansas, and Care Foundation’s endowment gift will help ensure this Springdale treasure remains accessible and affordable to everyone that chooses to take advantage of its services.”
“The Jones Trust board of directors is very appreciative of the Walton Family Foundation and Care Foundation’s willingness to join in the effort to make The Jones Center and the Jones Trust sustainable organizations for the Northwest Arkansas region,” said Susan Barrett, board chair of the Jones Trust. “We’re grateful for their strong support which demonstrates their affirmation of the significant impact that our organizations have in the community.”
For more information and to learn more about giving opportunities to the Jones Trust’s endowment campaign, contact Ed Clifford, President & CEO at 756-8090 ext. 2151 or Kelly Kemp-McLintock, Chief Advancement Officer at 756-8090 ext. 2119.
About The Jones Trust
Since 1994, the Jones Trust has been a leader in nonprofit excellence in Northwest Arkansas, helping to create a vibrant and sustainable future for the region. The Trust, through collaboration, cooperation, and community visioning, is committed to serving the region by utilizing the values and standards set by local philanthropists Harvey and Bernice Jones. The Jones Trust, a 501(c) 3 nonprofit organization, owns and manages four properties: The Jones Center, Center for Nonprofits at The JTL Shops in Springdale, The Harvey Jones Education Building in Springdale and The Center for Nonprofits at St. Mary’s in Rogers.
About The Jones Center
The Jones Center opened in 1995, and is owned and managed by the Jones Trust. The 220,000-square-foot facility was a gift from the late philanthropist Bernice Young Jones, wife of The Jones Truck Lines founder Harvey Jones. The Center is a premier destination where “all are welcome” and provides recreational, educational, health living and community programs and services. Amenities include the region’s only year-round ice skating rink, indoor pools complex, a multi-purpose auditorium, fitness center, conference facilities, computer center, and meeting & classroom space. The Center boasts more than 1 million visits per year and fosters improved quality of life, economic stability and healthy living in Northwest Arkansas. The Jones Center is a 501(c)3 nonprofit organization.