March 20, 2012
Story courtesy of The Lexington News
The largest single contribution to the Battle of Lexington Sesquicentennial was made this week by the Lafayette Regional Health Center. Pam Johnson, Director of Business Development, presented last year’s Sesquicentennial coordinator Chris Campbell with a check for $2,500.
“We very strongly believe that all of the business and charitable entities in Lexington should support each other.” said Johnson. “We are thrilled to be able to make this contribution to the Community Betterment Battle of Lexington 150th Steering Committee. It’s important to remember that we’re all part of a team here in Lexington, and when teamwork is practiced it benefits all of us,” she continued.
Campbell approached Pam Johnson and LRHC CEO Bret Kolman two weeks ago about making a more modest contribution and was extremely pleased when the hospital’s administrators surprised him with a $2,500 gift. Said Kolman about the efforts to pay off the 150th’s deficit, “We are very happy to help with Chris’ continued efforts to solve this issue and cap off a great event for Lexington.”
The monies donated by the hospital will be used to further reimburse local residents and businesses that provided goods and services for last year’s weekend event in late September.
Campbell noted that other recent contributions have also helped to significantly reduce the event’s debt. Notably, the Lexington McDonald’s contributed $500. Additionally, one of the event’s vendors found an opportunity to donate unsold merchandise to a national non-profit clearinghouse in return for a tax credit. The value of the tax credit – which went to local businesswoman Joan Butler for her company Within Reason – allowed the matching value to be deducted from the event’s outstanding bill with Ms. Butler.
The event’s balance sheet now shows a figure of approximately $9,400 in outstanding debt. That figure stands in stark contrast to the approximately $30,000 deficit on Sept. 30, 2011. Campbell and other committee members have worked diligently in a volunteer effort to bring about that reduction in debt. Continued fundraising, the liquidation of assets — particularly the merchandise inventory — and in some cases the forgiveness of debt, were all factors in slicing the debt by over two-thirds.