Million Dollar Gift Endowed for Hebron
Hebron’s native son, the late Glenn H. Korff, believed in the future of his hometown and the soundness of its Nebraska values. After earning his MBA and serving in the US Army Reserve for six years, Glenn worked for Goldman Sachs international investment bankers in New York from 1974 to 1992. Before his death in August 2013, he created a $1 million bequest to establish the Kenneth and Glenn Korff Endowment within the Hebron Community Foundation Fund.
“Glenn intentionally wanted to make his gift significant but not so large that it would have the unintended consequence of reducing local efforts. He believed that this endowment should serve as an incentive to bring others to the table, leveraging their gifts of time, talent and treasure. It’s important to get many people involved, to feel challenged and to assume responsibility for determining what is best for their community,” said Ken Korff of Oro Valley, Arizona.
The endowment will provide significant funding for community improvement each year.
“What we need to do now is move beyond thinking about the endowment as just a source of funding, but also as a tool to actively seek philanthropic activity in the community. We need to put people to work, identify projects and opportunities, and then leverage additional funds to achieve what is possible,” said Pat Kenner, chair of the Hebron Community Foundation Fund.
To that end, the Fund hosted a community visioning session facilitated by NCF director of community development philanthropy Greta Leach. The purpose was to draw out ideas and aspirations from of a wide range of citizens. People were asked to envision a preferred future for their community and then share their ideas to develop a set of general goals. By the end of the evening nine areas of interest were identified. These are used to help the Hebron Fund Advisory Committee continue to build assets and to invest them for long-term strategic impact.