Freezer Update (Sept. 2019)

Dear Co-Op Owners:

Now that the “beginning of September” has come and gone, we wanted to reach out and communicate a giant thank you to all Co-op owners that either donated or loaned the Swarthmore Co-op funds to address the “mission critical” issue of the main dairy cooler and freezer fundraiser.

As you will recall, General Manager, Mike Litka, informed the Co-op Board that the concrete slab underneath the main dairy cooler and freezer storage has caused the floor to crack, which is forcing us to replace the coolers and surrounding concrete as soon as possible. Our current capital position is not sufficient to fund the necessary repairs, and our property insurance policy does not cover these repairs.

To date we raised $52,770. therefore we are in a position to secure the equipment, contractor and schedule the work for early 2019.

Needless to say we still need your support in order to reach our fundraising goal of $80,000 in order to cover the total expense.

The Board will continue to host fund-raising events throughout 2019. Please come out and participate. The events will be announced in the weekly What’s Fresh eNewsletter, on the Co-op website and throughout the store.

We still need to raise $27,230 and here’s how you can help:

  • Donate: Go online to swarthmore.coop/donate, OR
    Bring a check to the store made out to Consumers Cooperative Association of Swarthmore, Inc.
  • Increase your equity: To increase your equity of your Co-op ownership at $5 per share, which will be in addition to your original $300 contribution you paid when you joined. Please see Kira at the store. She will assist you with the necessary paperwork to increase your equity. You can increase your equity up to $25,000.
  • Give the Co-op a low-interest loan for $1K or more. Contact us at boardofdirectors@swarthmore.coop for details. (Many of our recent improvements have been funded through this option.)
  • Support the fund raising events: Food Truck a Thon – September 13 @ 5:00 pm – 9:00 pm

The Board sincerely appreciates your continuing support of your business and as a Thank you for doing whatever you can to help out we will be scooping out free ice cream during Owner Appreciation day tomorrow between 11 and 3.

Please contact us if you have questions at boardofdirectors@swarthmore.coop.
Sincerely,
-Board of Directors of the Co-op