Betsy Covington really grabbed my attention when she told Columbus Rotarians that the Community Foundation of the Chattahoochee Valley now has assets of $95 million. The Foundation can distribute the interest that is generated by that endowment to non-profit organizations that need it. The 200 funds that contributed that money can designate who gets it, but, as Betsy told me after her Rotary talk, the Foundation itself is given authority to decide who gets some of it.
Columbus’ greatest problem is poverty. That was determined by a study a few years ago by the University of Georgia’s Carl Vinson Institute. Former Muscogee County Schools Superintendent Guy Sims tells me that the problem has gotten worse, not better. Guy, the original and unpaid Director of the Building Prosperity Initiative, which was organized to coordinate efforts to lessen the poverty problem in Columbus, says that program was put on hold three years ago after the 2008 Great Recession hit because charitable giving dried up. It appears that now givers are feeling confident enough to start giving again.
The Building Prosperity Initiative, which has been on hold for three years, may crank back up and coordinate the effort to solve Columbus’ biggest problem, poverty. The program, headed up by former Muscogee County School Superintendent Guy Sims, with the help of Columbus business leader James Blanchard, did accomplish one of its goals before it became dormant, determining how to get people out of poverty. That was accomplished by a study that was financed by a grant from the Community Foundation of the Chattahoochee Valley. Betsy says the study shows that “…there are three things a person can do that greatly lessens their statistical chance of living in poverty: graduate from high school, get some kind of a job, and wait until they are 21 and/or married before having children.”
Guy Sims said the Building Prosperity Initiative now has an office in the state’s Enrichment Services building. To get things going again, he says, money has to be raised to hire an executive director. He donated his services to get the program started, but a salary will be necessary for a permanent director. No, he tells me, he is not a candidate for the job, but he is still supporting the program.