Aqua-Hot Heating Systems celebrated a milestone in its founders’ charitable organization, which passed the $1 million mark in grants recently.
Harold “Hap” Enander’s Enander Family Foundation Fund first gave a grant to Young Life, a Christian organization that serves children and young adults, and most recently awarded a $5,000 grant to a startup ministry in Michigan, allowing the Foundation to surpass the $1 million mark, according to a news release from Aqua-Hot.
“In every aspect of his life, Hap was a forward thinker,” Aqua-Hot President and CEO Paul Harter said. “He was a pioneer in hydronic heating, an inveterate inventor and tinkerer, had the foresight to protect his company, and could see the positive impact that his kindness and generosity could have by creating the foundation.”
The first donations to the Foundation came when Enander transferred ownership of Aqua-Hot to the Enander Family Foundation through stock dividends.
Harter serves as the foundation’s chairman, while Aqua-Hot colleagues Troy Bell and Jeremiah Bustamante are on the board. The seed money used to start the charitable endeavor came from Aqua-Hot stock dividends.
The Enander Family Foundation Fund is established as a donor advised fund. It is managed and administered by the Community Foundation of Northern Colorado. For a video on the fund, click here.