YMCA to stay open till DecemberPublished 8:18am Friday, July 25, 2014
The Atmore Area YMCA has secured enough immediate funding to keep its doors open until the end of the 2014 calendar year.
Paul Chason, CEO of the YMCA, said that Gulf Winds Credit Union has committed to a $10,000 donation, and has also agreed to pledge $6,000 a year for three years. In addition, the credit union will assist the YMCA by creating a website, Chason said.
This large donation is in addition to $5,000 that has been donated by both the Lions Club and the Rotary Club. Also, Alto Products has pledged $6,000 a year for three to five years, if other area businesses also help contribute to a total of at least $60,000 per year.
The immediate funding will help the YMCA meet its financial needs until Dec. 31, 2014. During that timeframe, the YMCA’s board of directors and other representatives will seek out additional funding commitments to allow the organization to remain open in the long term.
At current membership levels, the organization faces a $4,560 deficit each month, and must make up that shortfall with donations from businesses and individuals.
The YMCA had previously announced that it would have to close its doors by Friday, Aug. 29, if it could not immediately raise enough cash to cover its operating losses.