Penobscot East Resource Center Gets a New Year’s Gift: "Penobscot East’s announcement of the gift came just days after it reported that it was transferring financial management of its endowment funds to the Maine Community Foundation (MCF). Penobscot East was successful in meeting the foundation’s 25/25 Endowment Challenge, which began in 2008.
“The Maine Community Foundation has an excellent track record of managing nonprofit endowments,” Walter Reed, chairman of Penobscot East’s board, said in a statement. “This service allows us to focus on our mission and strengths, working with eastern Maine fishing communities.”"
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