WASHINGTON ISLAND FOUNDATION, INC. and WASHINGTON ISLAND RECREATION CENTER

Post Office Box 68 – Washington Island, Wisconsin 54246

November 2019

Dear Friends,

This letter is an "historic first!" Together, the Washington Island Foundation (WIF) and the Mosling Rec Center (the Rec) are writing to make you aware of two important developments.

The first is that the WIF has had to inform the Town Board that starting in 2020, it will no longer be able to finance the Rec's operations by withdrawing principal from the Endowment fund. The original intent of the Mosling's gift to the Town was that the WIF would only draw on Endowment income to support the Rec. In practice, the WIF has drawn upon both Endowment income and principal through the years to distribute $3.2 million to the Town of Washington, providing primary support for the Rec. Unfortunately, this has resulted in the Endowment reaching a point where it can no longer sustain funding at levels it has in the past. The WIF, the Rec, and the Town Board have all had to face the reality that continuing to withdraw principal from the Endowment fund would risk having to close the doors to the Rec within a few short years. Moving forward, the Foundation will launch a major campaign in 2020 to replenish Endowment funds to a level which can fully fund the Rec from Endowment income.

The second important development is that the FOUNDATION HAS RECEIVED A $25,000 UNRESTRICTED YEAR-END GIFT. The WIF Board has decided to use this gift as a Challenge Grant for the Rec Center. We are challenging the community to use this $25,000 gift as seed money towards 2020 funding for the Rec. Between now and year’s end, we hope you’ll join us in supporting this matching Challenge Grant. Doing so will enable the Rec to raise funds that are vital to its financial well-being. And, by sharing this gift, we enable the Foundation to support the Rec while remaining within the parameters of its own financial realities. It also provides a transitional time to usher in a new era of mutual support between the Rec, the WIF and the Town Board, creating a new approach to supporting this important Island treasure.

We're confident you'll agree that the Mosling Rec Center is a significant element in the Island's lifestyle – one well-worth your financial commitment. We hope to see you at the Rec often during the upcoming winter months and throughout the year - in the pool, the weight room, at a class or social gathering. We encourage you to become a member or renew your membership and take full advantage of all the Rec has to offer. Donation and membership information is enclosed with this letter.

We ask you to donate at the most generous level you can to keep the Rec flourishing as a resource for Islanders and visitors for years to come. Thank you for joining us in support of the Rec.

Sincerely,

The Washington Island Foundation, Inc. Board and the Recreation Center Committee

Carolyn Foss, President Hoyt Purinton Daniel Nerenhausen, President Helene Meyer Dave Tilton Carolyn Bernstein Kelly Jorgenson Jim Catlin Dan Westbrook Bunny Buxton Tom Nikolai Daniel Nerenhausen Jan Fisco Richard Tobey, Town Board Representative Katie McGrane, Rec Center Manager

Washington Island Recreation Center & Washington Island Foundation, Inc.

⃝ Yes! I would like my/our donation of $_________made by Dec. 31, 2019 to be matched in the Rec Center Year-End Challenge for the programs and events offered at the Rec.

Please make checks out to the W.I. Foundation or Rec Center, include credit card information in the enclosed envelope or go to “Donate” at www.moslingreccenter.org.

Please return this portion with your donation to the W.I. Foundation/Rec Center Year-End Challenge.

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⃝ Yes! I would like to support the Rec Center by becoming a member.

Premier Memberships are available. Ask the Rec Center for more details.

Annual Memberships Monthly Pass

_____$ 440.00 FAMILY – Includes immediate family – 2 adults living _______ $140.00 in the same home and their dependent children plus foster children and foreign exchange students under age 21 _____$ 220.00 ADULT – Aged 21 to 64 – To be used by named only _______$ 70.00

_____$ 200.00 SENIOR CITIZEN – Aged 65+ - To be used by name only ______$ 65.00

_____$ 70.00 YOUTH – Age up to 21, full-time student up to age 24

(All amounts for memberships and passes include 5 ½% sales tax.)

Please make checks out to the W.I. Rec Center, include credit card information

in the enclosed envelope or go to “Become a Member” at www.moslingreccenter.org.

Please return this portion to sign up for a membership at the Rec.

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⃝ Yes! I would like my/our donation of $____________ to build the endowment of the Washington Island Foundation for the purpose of long-term support of the Rec Center. In addition, I pledge to make a Legacy gift through a ___ will or bequest, ___ gift of stock, ___IRA, ___ gift of real estate or

_____ life insurance policy. Please contact carolyn.y.foss@gmail.com in confidence.

All donations to the W.I. Foundation dated on/after Jan. 1, 2020 will be applied to the Endowment only.

Please make checks out to the W.I. Foundation, Inc.

(The W.I. Foundation is also identified as the Washington Community Foundation.)

Please return this portion with your donation to the W.I. Foundation Endowment Fund.

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Rec Center and/or WI Foundation, P.O. Box 68, Washington Island, WI 54246

920-847-2226 manager@moslingreccenter.org

Thank you for your care and support of the W.I. Rec Center and W.I. Foundation!