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Community Foundation tops $50 million

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WENATCHEE — The Community Foundation of North Central Washington has topped $50 million in assets for the first time.

“It’s a benchmark in the foundation world,” said Beth Stipe, the foundation’s executive director. “It means the foundation has enough assets under their management to really assist the community.”

Stipe made the announcement at a recent foundation trustees meeting.

Assets increased from about $44 million last year. The organization was established in 1986 with $2.1 million.

Stipe said the local foundation’s…

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