SSSF’s Donation of Over $1 Million to MidwayUSA Foundation Benefits 182 SCTP, SPP Teams
Scholastic Shooting Sports Foundation made contributions of over $1 million this week to the MidwayUSA Foundation, Inc. accounts of 182 SCTP and SPP teams from 36 different states. The teams earned the endowment funds at recent national, regional, and state events.
This week’s total donation was $1,045,125. SCTP team accounts received $905,000 of that, which includes team earnings at the National Team Championships, regional events, and state shoots during the second and third quarters of 2014.
SPP teams received $133,100, which included earnings from its National Junior/Senior Championships and recent state matches.
“Through our broad membership base, we are fortunate to be able to support so many teams across the country,” commented Ben Berka, SSSF President and Executive Director. “These donations will help provide a perpetual funding source for local Scholastic Clay Target and Scholastic Pistol Programs. The funding we provide to team endowment accounts is another way for us to thank all of the teams, coaches, and athletes for their participation and excellent performance in SCTP and SPP events!”
In addition, $7,025 was donated via internally generated endowment money through SSSF and SCTP fundraisers. These funds will be matched by Larry and Brenda Potterfield of MidwayUSA. “By providing teams with fundraising tools at the local level, we are able to help contribute to team endowment accounts. At the same time, teams have the ability to raise operating money and awareness about their programs in the local community. The SSSF looks forward to providing more of these opportunities in the future to our SCTP and SPP member teams,” said Berka.
The donations bring SSSF’s contributions to $1,461,175 to date in 2014. SSSF expects its annual contributions to total more than $1.7 million by the end of 2014.
SCTP and SPP teams are awarded endowment funds through participation in sanctioned shoots. SSSF contributes the funding to the MidwayUSA Foundation Team Endowment Account Program on behalf of the teams. The purpose of the endowment program is to provide sustained financial support for youth shooting teams. Teams with an endowment account are able to draw a grant each year to use for team expenses.