Goodwill Industries Launches Capital Campaign To Further Its Mission
El Pomar Foundation has granted $750,000 to Goodwill Industries of Colorado Springs to help the organization build a new retail presence along the growing Powers Blvd. corridor. The money is part of a $4 million capital campaign Goodwill launched to further its mission of helping people become independent. The El Pomar grant represents nearly a quarter of the campaign goal and allows Goodwill to continue changing the lives of thousands in a growing community.
Currently, Goodwill has six stores which help fund the organization's program and services. The new store will generate at least $15 million in net revenue over the next 30 years for training and rehabilitation programs - revenue critically needed for investing in the people Goodwill serves and building Goodwill's future.
"Our community's growth is reflected in an increased need for our services. Goodwill cycles 90 cents of every dollar in its budget back to the community through its programs and services," Goodwill President Bob Baker said. "Completion of this project will not only employ people with disabilities and serve the needs of eastern Colorado Springs, but also provide the essential elements needed to further Goodwill's mission."
Last year, stores sales helped Goodwill provide over 42,000 services to individuals in the community. Because of Goodwill programs, 3,820 individuals found competitive employment in the community. Money saved in welfare subsides combined with taxes these individuals paid was over 10 million dollars. In fact, the economic impact of salaries earned by individuals placed in competitive employment was $106,865,340. Because of its program outcome, Goodwill Industries of Colorado Springs ranks in the top ten among over 180 nationwide Goodwills.