Reports & Status

August 30, 2022

The Geno Strong Memorial Fund has been able to fund scholarships that have sent 104 youth to the Rocky Mountain District Youth Camp over the last five years. Let us Praise the Lord for the lives that were changed. This year we celebrated the sixth year of the fund’s existence, but in 2020 camp was cancelled due to COVID, that year’s scholarship monies was reinvested back into the fund. That is why this memorial fund was created because Geno Roncone believed in his heart that camp was a powerful environment where teens could experience God and receive divine direction and calling. His legacy will continue until the return of Christ. The committee would like to personally thank everyone of you who continue to be faithful in your support of this memorial fund.

Please find this year’s annual update.

• Fund Growth: Current fund value is $125,892.26 as of July 31, 2022. We currently have 10 active church bonds investments totaling $123,000.00 with an average interest rate of 6.6%.
  
  • Additionally, we have $2,017.48 cash awaiting an investment opportunity and $874.78 in next year’s scholarship fund.
  • As we experienced in the last few years the investment markets for bonds, because of COVID and extremely low interest rates, were almost nonexistent. However, we are happy to report that the market has improved this year and we were able to invest or reinvest in the last 9 months over $62,000.00.
  • We did experience this year 3 of our old bonds that were redeemed by the churches, but we were able to buy new bonds with the same or higher rates of interest.


• Camp Scholarships: The Geno Strong Memorial Fund has, in just the sixth short years generated over $26.000.00 of interest received, which has scholarship those 104 youths that we mentioned earlier. Included in that number was this year’s, award of 24 students from Highpoint Church and 5 additional scholarships to other churches within our district.


• Fund Development: For the full history and story surrounding the Geno Strong Memorial Fund please visit our web site www.genostrong.com.


• Geno Strong Memorial Fund Committee: Reporting and recommendations are done by a 4-person steering committee appointed by the Deacon Board of Highpoint Church. The general oversight, administration and disbursements of this fund is made by official motions and approvals of the Deacon Board of Highpoint Church.



Any questions you may have please feel free to email them to genostrong@highpointchurch.us.

The Geno Strong Memorial Fund Committee

Vern Lentz, Chairman
Stephanie Farmer
Jeff Webb