BOISE, Idaho — The Treasure Valley Family YMCA announced Monday that they have received a $10 million donation from MacKenzie Scott. The Treasure Valley Family YMCA is among the 384 U.S. organizations that have received a total of $4.16 billion from Scott over the past four months.
These organizations were selected from an initial group of 6,490 organizations that were considered for funding, according to a news release from the Treasure Valley YMCA
Like many other nonprofits, the Y is facing financial hardships due to COVID-19. With most facilities closed for two months over the spring, and steps taken to ensure the safety of staff, members and participants, the Y has seen millions in lost revenue.
As a result, the Y has been faced with devastating decisions regarding furloughs, layoffs, program cancellations, and taking on debt.
"With everything that we've experienced: the blow from the pandemic, the loss in our earned revenue, and also the YMCA's inability to qualify for the PPP (Paycheck Protection) program, this is an amazing gift at the right time that will allow us to sustain and magnify our work," said David Duro, President and CEO, Treasure Valley Family YMCA.
The YMCA says they will spend the next few months looking into how to invest the donation. Members of the YMCA Board of Directors and staff will meet to decide how to use the money to meet both short-term and long-term goals.
“We will continue to be rigorous stewards of every contributed and earned dollar to ensure that we maximize the good we can do in the community,” said Duro.
The donation will help the Y continue to offer programs that nurture youth, engage people in healthy living and inspire a commitment to social responsibility while making sure that no one is turned away due to the inability to pay.