GCE receives $3000 grant

Dec. 31, 2009 - Gray Community Endowment (GCE) is pleased to announce the receipt of a $3,000 grant from the Margaret E. Burnham Charitable Trust to support the Save Libby Hill campaign. "The Trust received 125 applications, which together requested far more in grants than the funds they had available," notes Anne Gass, GCE Secretary, "so we're thrilled to be one of the groups it chose to support." (read more)

Since March 2008 GCE has been raising money to pay off a zero interest, $160,000 loan from local socially responsible investors that allowed the purchase of 29 acres of land on Libby Hill from Hancock Land Corp. The land purchase, which was also supported by a grant from the Land for Maine's Future Board, secured the land for conservation and recreational use. Before GCE purchased it Hancock Land had attempted to sell the 29 acre parcel to a residential developer who planned to build seven high-end homes there. Along with generous contributions from private individuals in the last months of 2009, the grant from the Margaret E. Burnham Charitable Trust brings the total funds raised for the Save Libby Hill Campaign to $146,397; less than $14,000 more is required to pay off the loan!

Fore more information about the Save Libby Hill Campaign contact Carl Holmquist, GCE President, at 657-2173; Anne Gass, GCE Secretary, 657-4935 or visit the website at www.libbyhill.org. Contributions may be made online at the website, or mailed to Gray Community Endowment, PO Box 1376, Gray, ME 04039.