COLUMBIA — Dave Knight, a local attorney and member of the Boone County Community Trust is donating $500,000 to the trust.
Created in 1974, the goal of the Boone County Community Trust centers around building up a fund that generates income that is then distributed to local charitable organizations.
Knight describes the trust as an infrastructure designed to give support to charities that can in turn do more good for others. He believes one of the best things about the trust is there is no overhead operating expense to run the organization. He said the trust helps more than 100 agencies.
Before Knight's donation the trust had a little more than $2 million dollars. The $500,000 donation is an increase of 25 percent. Knight made a personal goal to encourage others in the community to donate the trust and hopes it reaches $4 million by next year.
"I have several friends in mind whom I believe would be financially able and who might be interested in a substantial charitable gift, which would do so much good for so many deserving people and with that good being primarily here in Columbia and the Central Missouri area," Knight said in an email.
He wants to lead by example. He hopes his donation will encourage others to do the same.
"In order to at least have some credibility in asking others for gifts, it has occurred to me that it would be appropriate to go ahead with the unsolicited gift that I am making at this time," Knight said.
The $500,000 donation is Knight’s first donation to the trust.
“The Boone County Community Trust is thrilled that Dave would see fit to give us $500,000," Robbie Price, a board member of the trust, said. "It is a real honor to have someone like him as a community leader. We look forward to using that money to the benefit of the members of the Boone County community.”
Price hopes that with this donation and with other donations, the trust will be able to take on more donation requests. The trust receives about 20 to 25 requests on average per year.
"We will take any application from a local Boone County charity that is qualified as a nonprofit," Price said.
"We are looking for longevity," Price said. He said the trust is most interested in providing assistance to charities that are trying to accomplish bigger projects needing capital, such as for new facilities or equipment, rather than day-to-day costs.
"I have lived here a long time, and I know the need here," Knight said. "Looking at the applications over the years, I see the same names of people who give a whole lot of their time to help. I greatly admire these people who give their time and effort. I am trying to assist them."