New OBCF funds support housing, student needs

By on June 9, 2022

Karen DelVacchio and Cookie, a poodle mix rescue dog that Karen adopted. (Outer Banks Community Foundation)

Funds established by Nags Head realtor Karen DelVacchio

(Outer Banks Community Foundation)

The Outer Banks Community Foundation is pleased to announce that two new endowed funds to support Outer Banks students and workers have been established by Nags Head realtor and philanthropist Karen DelVacchio.

As with all endowed funds created at the Community Foundation, the Cookie Jar for Good Deeds Fund and the Helping Hand Cookie Jar Scholarship Fund are structured to be permanent sources of support, providing grants and scholarships in starting in 2023 and continuing for generations to come.

The new Cookie Jar for Good Deeds Fund is a Field of Interest fund that will award grants to nonprofit organizations that provide financial or housing support to individuals, with a preference for supporting employed individuals needing extra financial help for rent or mortgage payments.

The Helping Hand Cookie Jar Scholarship Fund will provide need-based scholarships to non-traditional students who are pursuing an education after one or more years in the workforce, post high school graduation.

“Not everyone knows what they will do right out of high school, or even after some college,” said Karen. “I created these funds for adults who want another shot at a career choice and because, due to our chronic worker housing shortage, businesses and workers are really struggling on our beaches.”

“We are thrilled that the two new funds Karen has established for the entire Outer Banks will address unmet needs in innovative ways,” said Community Foundation President and CEO Chris Sawin.

 

 

 

 

 




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