20 January, 2015
Over $90,000 raised during PICRC’s 14th Anniversary Fundraising Gala Dinner
On Saturday, January 17th, 2015, the Palau International Coral Reef Center (PICRC) held its 14th Anniversary Fundraising Gala Dinner at their grounds with hundreds of people attending and a live broadcast at Palau Wave Radio. The Fundraising Gala Dinner was co-hosted by President Tommy E. Remengesau Jr. and the Rubekul Belau, who not only co-hosted the event, but donated $2,000.00 and $1,000.00, respectively, to the fundraising event. As PICRC’s flagship annual event, this is a special occasion for the Board and staff to showcase the institution’s cause and to celebrate its past year’s achievements with partners and supporters.
Over $90,000 were raised through ticket sales and cash donations from individuals, businesses and government. The funds raised from this event will go into the construction of the new building that would help the Center increase its revenues from facility rental, and enabling it to move one step closer to financial security. The Center estimates that once the building is completed, it will generate an additional $66,000.00 in income. This new income source will help the Center become less dependent on grants and subsidies so that it will be in a better position to focus on Palau’s priority research and education needs, rather than respond to grant and donor driven priorities.
According to PICRC CEO, Dr. Yimnang Golbuu, “All of us at PICRC are speechless with gratitude and awe. It is both humbling and uplifting to witness such a generous demonstration of support from everyone - from individuals, businesses, traditional leaders and both states and national government. The success of our 14th Anniversary Fundraising Gala Dinner is beyond our greatest expectations. The PICRC Board and staff are sincerely honored and grateful for such generous and substantial contribution. This experience has re-fueled and re-inspired us to continually strive to do our best so that PICRC will continue to earn such support.”