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Ingrams Issuing New Challenge for Hall of Fame
Posted By RV Business On September 24, 2012 @ 9:27 am In Breaking News,News In Focus | No Comments
On the heels of a successful five-month $100,000 Challenge Grant from the Ingram family raising more than $170,000 through contributions for the RV/MH Hall of Fame, the Ingrams have issued another challenge.
According to a press release, Tony Ingram said the family is offering to donate an additional $50,000 in the form of another challenge grant if the Hall of Fame can raise $150,000 through voluntary donations by April 30, 2013.
The Ingrams’ first challenge contributed more than $270,000. This, along with other savings, helped the Hall reduce its bank loan from $828,000 down to $283,000. This new fundraiser is being dubbed, “Burn the Bank Note” challenge.
“With normal monthly payments our 1st Source Bank loan balance at the end of April 2013 will be down to $201,000,” said Hall of Fame President and CEO Darryl Searer. “If we are able to meet the Ingram family’s $50,000 challenge by raising $150,000, we will be able to retire that debt and burn the bank note.”
In January 2012, the future of the Hall was in doubt because of its financial burdens. Searer, who came on board as the Hall’s uncompensated president and CEO, believed that the Hall was too important to the RV and manufactured housing industries, and the Elkhart, Ind. area. Since that time through a series of discussions with debt holders and fundraisers, the Hall today is on solid financial ground and its future is bright.
“Our work isn’t done,” Searer added. “We still have some challenges but now we control our own destiny. We will be able to meet our obligations and can assure friends and skeptics alike that the Hall will survive for many years to come.”
He added, “The real heroes responsible for this turnaround are the hundreds of friends of the Hall who have opened their hearts and pocketbooks because they also believe the Hall is the shining star of the RV and MH industries. And near the top of the list of our heroes is the Ingram family that continues to show their support for the Hall. Their generosity in making this latest challenge should inspire everyone concerned about the long-range health of our wonderful facility to pitch in and help.”
Gifts may be made by mail, in person at the Hall, by phone at (800) 378-8694 or on the Hall’s web site, www.rvmhhalloffame.org. Since the foundation is 501c non-profit organization, all gifts are tax deductible.
To make a contribution by mail, send your gift by check or money order to: Burn the Bank Note Challenge, RV/MH Hall of Fame, 21565 Executive Parkway, Elkhart, IN 46514.
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