(Atlantic) EF & Sylvia Schildberg Foundation grants $11,000 to Vision Atlantic’s transformative project, which will bring a housing development, new child development center, and YMCA expansion to Atlantic.
“The Schildberg Foundation was started by my grandparents as a way to give back to the communities in our service areas. Childcare is a much needed cornerstone in building and maintaining a thriving community. Vision Atlantic is a perfect way to ‘pass it forward’,” expressed Mark Schildberg.
Vision Atlantic, through extensive research and surveying of the community and surrounding region, identified three areas that will help increase Atlantic’s population: expanded childcare, quality housing and quality of life amenities. Infrastructure for the 142 mixed-unit Camblin Hills housing development and 300 capacity child development center is almost complete, with construction of 48 homes currently underway. Construction of the child development center and YMCA expansion is slated to begin early 2026.
Vision Atlantic has a fundraising goal of $39 million, which will be used to construct the YMCA expansion and child development center. To date, they have raised $26.5 million of that goal, thanks to an $8.6 million lead grant from the Charles E. Lakin Foundation and significant support from local donors. In addition to their grant support, the Lakin Foundation has created a separate investment fund of $23 million that will be used to construct homes in the Camblin Hills housing development. The capital will be used as a line of credit, and as the dollars are paid back, the Foundation will donate up to 5% of the interest paid back to Vision Atlantic, who will use those dollars to operate the child development center.
Vision Atlantic’s Project Committee is actively working to secure the remaining $12.5 million needed to meet their fundraising goal. If you are interested in helping transform Atlantic, whether it’s through monetary donations or acts of volunteerism, please contact Vision Atlantic at visionatlanticiowa@gmail.com. Visit www.visionatlantic.org and follow on Facebook for behind-the-scenes access to project updates and in-depth information of the project scope.
Vision Atlantic is a 501(c)(3) non-profit whose mission is to empower growth, enhance lives, and build a thriving community together through the economic development of Atlantic, Iowa.
