Greater Oelwein Area Charitable Foundation

The original purpose of the organization was to raise money to construct a performing arts center and a recreation and wellness center. Pledges collected during the years 2000 - 2005 are applied to $2000000 of revenue bonds used to construct the facility. When the entire debt is retired, the facility will be donated to the city and school district.there remains $5000 on the debt service.the current purpose of the organization is to raise money and construct a regional academy for math and science to be owned by the "Foundation and operated under a 28e agreement with the Oelwein community school district and northeast Iowa community college.the community college leases the regional academy from the Foundation for $30000 annually which then is applied to the debt service the Foundation has with the usda.the Foundation also supports local nonprofit civic organizations.