WALNUT COVE MEMBERS ASSOCIATION INC

THE WALNUT COVE MEMBERS ASSOCIATION (WCMA) CONSISTS OF THE CLIFFS AT WALNUT COVE PROPERTY OWNERS WHO ARE INTERESTED IN SUPPORTING LOCAL NONPROFIT CHARITIES AND JOIN THE ORGANIZATION THROUGH ANNUAL TAX-DEDUCTIBLE MEMBERSHIP DUES. THE WCMA IS A 501(C)(3) NONPROFIT THAT RAISES MONEY THROUGH ANNUAL DUES, MEMBER AND CORPORATE DONATIONS, AND CULMINATES WITH THE ANNUAL "CELEBRATION OF GIVING" WHICH TRADITIONALLY INCLUDES A GALA EVENING WITH A LIVE AUCTION, GOLF TOURNAMENT AND OTHER EVENTS. EVENT WINNERS CHOOSE THE CHARITY TO RECEIVE THEIR PRIZE MONEY. AT THE END OF EACH YEAR, THESE FUNDS ARE DISTRIBUTED TO A VARIETY OF LOCAL CHARITABLE ORGANIZATIONS BASED ON RECOMMENDATIONS SUBMITTED BY THE GRANT COMMITTEE TO THE BOARD OF DIRECTORS. IN ORDER TO QUALIFY, CHARITIES SUBMIT AN APPLICATION THAT MUST BE ACCOMPANIED BY AN APPLICATION FROM A WCMA MEMBER WHO MUST BE ACTIVELY INVOLVED IN THE CHARITY. THE WCMA IS MADE UP ENTIRELY OF UNPAID VOLUNTEERS COMMITTED TO MAKING SURE ALL AVAILABLE FUNDS GO DIRECTLY TO REPUTABLE LOCAL CHARITIES WHILE INCURRING MINIMAL OVERHEAD AND ADMINISTRATIVE EXPENSES. HISTORICALLY 98% OF ALL NET FUNDRAISING REVENUE HAS GONE DIRECTLY TO CHARITY. MEMBERSHIP IN THE WCMA SERVES A DUAL PURPOSE. NOT ONLY IS THE ORGANIZATION HELPING THOSE IN NEED WITHIN THE WESTERN NORTH CAROLINA COMMUNITY BUT IS ALSO SUPPORTING FRIENDS AND NEIGHBORS WHO ARE COMMITTED TO VOLUNTEERING FOR WORTHY CAUSES. SINCE ITS 2007 INCEPTION, THE WCMA HAS AWARDED 498 GRANTS TO 114 DIFFERENT CHARITIES, TOTALING OVER $4,800,000. WCMA CURRENTLY PRIORITIZES CHARITIES SUPPORTING BASIC NEEDS SUCH AS FOOD, SHELTER, HEALTH, AND EDUCATION IN WESTERN NORTH CAROLINA. WCMA BEGAN WITH JUST A FEW MEMBERS AND HAS GROWN TO MORE THAN 500 MEMBERS, MANY OF WHOM ARE ACTIVE VOLUNTEERS. WCMA'S SERVICE TO THE COMMUNITY, ALONG WITH ITS GENEROUS DONATIONS, HAS MADE WALNUT COVE A VALUED AND RESPECTED PART OF THE WESTERN NORTH CAROLINA REGION.