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Drive at midpoint

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By Todd Cohen

RESEARCH TRIANGLE PARK, N.C. — Triangle United Way, completing its annual drive but still tallying contributions and not likely to know the final results until January, is halfway to its goal of matching a $1 million challenge grant designed to help it build a $4 million endowment by the end of 2005.

United Way had wanted to process at least 80 percent of drive results by Nov. 14, but fell short because some companies have been slow to report results, says Sarah Smith, vice president of resource development.

Early results show the drive, with a $12.6 million goal for its general “community care fund,” raised $1.4 million, and some companies exceeded their goals, raised more than last year and gave more to the fund.

Blue Cross and Blue Shield of North Carolina raised $430,000, up 14 percent, while Powerware raised $211,000, exceeding its goal by 17 percent despite a reduction in its workforce.

Fourteen businesses participating for the first time reported results, including Solectron, which raised nearly $11,000.

United Way also has received four commitments totaling $80,000 toward the first half of the challenge, which calls for raising $500,000 by this Dec. 31.

It also has two commitments totaling $1.1 million in deferred gifts, exceeding the second half of the challenge, which calls for raising $500,000 in deferred-gift commitments by the end of 2004.

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