Donations close at the end of the day July 31, and the Peak Arts Fund needs just $2,500 to reach its goal of $50,000. A fund drive from the Cultural Office of the Pikes Peak Region, the PAF raises money to give to 18 regional arts and culture organizations. (Click here for a list.)
As with the inaugural PAF, donors cannot earmark specific organizations. Rather, they contribute to a pot that will dole out at least $2,000 for each org, then split the leftovers based on each's operating budget. The idea, COPPeR says, is that "a rising tide raises all boats."
Last year, the PAF raised $36,000 for 15 groups. And since, as with this year, all operating and underwriting costs have been covered, 100 percent of donations go to the organizations at hand.
Final numbers on dollars raised will come at the nonprofit's private "wrap party" on Aug. 14.