Oktoberfest distributes $103K from 2017 proceeds
A financially strong 2017 festival enabled Mount Angel Oktoberfest to contribute more than $103,000 to the community and retain funding for events and entertainment at the 53rd celebration in 2018.
This brings the cumulative total of Oktoberfest funds granted to others to more than $3.3 million, and represents the largest giveaway of funds by the organization since 2010.
Additionally the festival was capable of completing infrastructure projects including the addition of four new people movers built with the assistance of Chemeketa Community College's career technical education program and community businesses.
Checks totaling more than $103,000 were mailed in December 2017 to recipients from 52 organizations in 10 different cities. In previous years, recipients had waited an additional five months before receiving their funds, but the Oktoberfest Board of Directors determined there was significant value in distributing the funds as quickly as possible following the festival.
According to a press release from the Oktoberfest board, this will allow the nonprofits to better budget for the upcoming calendar years.
The checks were mailed as a part of the ongoing mission of Mount Angel Oktoberfest: to donate back the extra proceeds from each year's festival to worthy organizations to support local communities.
Oktoberfest also creates a fundraising opportunity for nonprofit groups in western Oregon in the form of advertising, porta-potties, electrical set ups, coordination and entertainment, drawing crowds and providing the opportunity for the more than 50 nonprofit food booths to generate their own revenue.
In addition to the funds Oktoberfest grants, the food booths garnered an additional $750,000 gross revenue for their individual good works. Many of these organizations make the majority of their annual revenue during the Oktoberfest.
Nonprofit organizations are invited to contact Oktoberfest about operating their own food booths in 2018 at www.oktoberfest.org.
President Chris Bischoff will open the Oktoberfest general members meeting on Thursday. All stockholders are invited to attend the social hour at 6 p.m., the meeting at 7 and dinner following the meeting.
The meeting will include the election of directors for the 2018 Oktoberfest, updates on results of the 2017 Oktoberfest, more details on infrastructure updates and a financial review.