Shiver Plunge for Building Fund
EVENT DATE: Feb 11, 2017
DEADLINE TO GIVE: Feb 10, 2017
FUNDRAISER SET UP DEADLINE: Dec 20, 2016
In the fall of 2014, Flight Expo, Inc. kicked off its first Build A Plane program with six students. Last year, that number grew to 10, and this year the Build a Plane program has 15 students registered, tripling the class. Our aircraft donations have also tripled since we started. Between the aircraft's, tooling and material needed for the classes and the kids, we are running out of space in our existing location.
Currently, we are gathering information on the costs to build a 100 x 100 hangar at the Princeton Municipal Airport to house all of our projects and to expand the Build A Plane program.
One of the biggest hurdles is on the financial side. Banks are currently loaning at a 1 to 3.5 ratio. Which means we need at least $35 in collateral for every $100 dollars we borrow. Capital grants want to see at least 30% - 50% of the project already financed.
To kick off this campaign we have been invited to participate in Shiver Elk River. This is a fundraising event dedicated to helping nonprofits raise money. Yes, this is a plunge into the icy waters of Lake Orono.
Time and Place
3:00 pm Saturday, February 11 at Lake Orono
Here’s what you need to know
You can plunge as an individual or as a team. Registration fee is $35 per person. (Flight Expo will pay $20 for all Build A Plane students that want to plunge).
For a br-r-r-ry good time, take a dip in Lake Orono to benefit Flight Expo's Building Fund. It’s not too early to be looking for members for your Shiver Plunge team.