U.S.-Ukraine Foundation creates endowment fund (03/25/01)

U.S.-Ukraine Foundation creates endowment fund

Dr. Murray Senkus is initial benefactor

by Olenka Dobczanska

WASHINGTON - The U.S.-Ukraine Foundation's 10th anniversary began with the establishment of an Endowment Fund.

"The creation of the foundation's Endowment Fund along with our 10th anniversary are important milestones," stated USUF President Nadia McConnell. "They signify that the foundation is here to stay and its importance in regard to U.S.-Ukraine relations is growing every day."

Long-time USUF supporter Murray Senkus of North Carolina has enabled the U.S.-Ukraine Foundation to establish an endowment fund through a generous $25,000 gift. Over the years Dr. Senkus' contributions have made him the top individual donor to the foundation.

Dr. Senkus expressed his full confidence in the foundation, saying his gift could be used in any way the foundation wished. Now 86 years old, Dr. Senkus continues to be keenly interested in the fate of Ukraine. He has been there 11 times since 1992 and believes that a tremendous amount still needs to be done to put the country on the road to prosperity.

In choosing the U.S.-Ukraine Foundation, Dr. Senkus applauded the foundation's emphasis on local projects that are "close to the people, where aid can do the most good."

"We are thinking about tomorrow - about USUF's presence, permanence, strength and stability," added Vice-President John A. Kun. "Everyone who is a friend, donor or stakeholder of the foundation realizes that our new Endowment Fund will provide key financial resources for our future operations and programs. And that is critically important for Ukraine of tomorrow."

It is the foundation's hope that Dr. Senkus' gift will be an inspiration for others to support the foundation - whether through annual giving or through a onetime gift. President McConnell concluded, "The substantial gifts made possible by Dr. Murray Senkus, the Petrach Estate and the new Kovaluk Scholarship Fund are showing that the legacy you wish to leave for Ukraine can be entrusted to the U.S.-Ukraine Foundation. An expanding, growing Endowment Fund will generate future revenues that will support the foundation's U.S.-Ukraine activities in the 21st century."

For more information contact the U.S.-Ukraine Foundation, 733 15th St. NW, Suite 1026, Washington, DC 20005; telphone, (202) 347-4264; fax, (202) 347-4267; e-mail, usuf@usukraine.org; homepage, http://www.usukraine.org.

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