For Immediate Release
Devon, PA – December 12, 2014 – DevInvest has announced the establishment of an endowment to benefit the Devon Horse Show and Country Fair.
DevInvest is a new nonprofit foundation which will act independently from the Devon Horse Show and Country Fair Inc. and the Devon Horse Show and Country Fair Foundation. The endowment was approved during its initial board meeting held yesterday.
The news of the new endowment was received with great excitement in Devon. “Since our humble beginnings in 1896, we have grown to become a world-class competition that annually features a widely-respected international field of exhibitors,” said Sarah Coxe Lange, President and CEO of the Devon Horse Show and Country Fair. “With the creation of the endowment foundation, DevInvest can now build a solid financial base to benefit our Show for years and generations to come.”
Devon Horse Show and Country Fair Secretary Norma Hamm noted that “when we learned about the possibilities of a new, independent foundation, we were incredibly inspired to work diligently and ensure that this endowment is built for the long term to support the Horse Show and Country Fair.”
About DevInvest
DevInvest is a new Pennsylvania nonprofit organization seeking IRS recognition of its tax-exempt status as a 501(c)(3) charitable organization. It is governed by an independent board of directors and its mission is to promote athletics and the arts, and the betterment of the community of Devon, Pennsylvania, through the creation and operation of an endowment to support the activities, assets, and grounds of the Devon Horse Show and Country Fair.
About the Devon Horse Show and Country Fair
Steeped in rich heritage dating back to 1896, the Devon Horse Show and Country Fair continues its glorious tradition as the oldest and largest outdoor multi-breed competition in the United States. With the grandeur of Philadelphia’s prestigious Main Line setting the stage, the event features a world-class field that annually ranks among the most prominent internationally.
The Devon Horse Show and Country Fair is a nonprofit institution that has donated approximately $47 million (in current dollars) since 1919 for the good works of its charitable beneficiary, the Bryn Mawr Hospital.
Media Contact:
Meg Wiederseim
DevInvest
(C) 610 304 3956
(O) 610 964 0550
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The 2015 show dates are May 21 – 31. For more information, please visit www.devonhorseshow.org.