The Cherryland Humane Society in Traverse City recently sent out a plea to the Grand Traverse area for financial help to support their continued operations. Citing a decline in planned giving such as wills, trusts and charitable gift annuities, which make up a bulk of their funding, they have a ambitious goal of raising $500,000. CHS made a similar financial plea in 2011 when they asked for $200,000.
The CHS constructed a new, state of the art facility in 2002. Building pledges were secured to pay off this building. However, subsequent stock market declines and the economic recession led to the majority of these pledges being rescinded. Without their building loan, we would have significantly more money to cover their daily operations. They expect the money that they receive though their current fund raising effort will be used primarily to pay down their building loan and help fund daily operations. Continue reading