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Paid in Full Musgrave Foundation grant pays off the mortgage for a nonprofit in Springfield. LEARN MORE
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CFO, Musgrave Foundation grant $302,000 for nonprofit capital needs

Oct. 29, 2024

Capital grant pays off mortgage for women’s residential facility

The Community Foundation of the Ozarks, in partnership with the Jeannette L. Musgrave Foundation and U.S. Bank Private Wealth Management, presented a Musgrave Capital Campaign grant for $172,175 to Women’s Medical Respite. Announced during a grant presentation today, the grant will fully pay off the mortgage on the nonprofit’s residential facility on East Page Street in Springfield. It is one of three grants, totaling $302,000, awarded through this year’s campaign.

The Musgrave Foundation has long supported capital projects for nonprofits with missions that align with Mrs. Musgrave’s funding priorities of health care and mental health, and improving quality of life for low-income communities, children and babies, and the unsheltered. This is the second year of the Musgrave Capital Campaign administered by the CFO.

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From left to right: Ashley Fleming, CFO; Peggy Riggs, Musgrave Foundation; Bridget Dierks, CFO; Emily Bowen-Marler and Ferba Lofton, Musgrave Foundation; Beverly Anderson, Saundra Wilkinson, Rose Francis, Carol Daniel and Hallie Jones, Women’s Medical Respite.

The grant recipients for the 2024 Musgrave Capital Campaign are: 

  • Women’s Medical Respite: $172,175 to pay off the mortgage on the house it recently purchased and renovated to increase the number of women it can serve.
  • AcompañARTE Cultural Center: $30,000 to support floor repairs, building maintenance and the purchase of art materials to expand art education offerings.
  • City of Springfield/Springfield Art Museum: $100,000 for the Springfield Art Museum expansion and renovation project.

The CFO and Musgrave Foundation will present the grants to AcompañARTE Cultural Center and the Springfield Art Museum at an event on Dec. 19.

The Musgrave Foundation’s distribution committee is chaired by Rob Baird and includes Emily Bowen-Marler, Ferba Lofton, Danny Perches, Peggy Riggs, Thomas Slaight and recently elected members Emily Denniston and Michele Risdal-Barnes, with support from CFO staff members Bridget Dierks and Ashley Fleming.

The Jeannette L. Musgrave Foundation is a private charitable foundation managed by U.S. Bank Private Wealth Management and administered by the CFO. Since 1983, the Musgrave Foundation has granted more than $21 million to nonprofits in Springfield and southwest Missouri

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