As our community to grows, so does the number of individuals and families that are demonstrating a commitment to philanthropy and the community that helped them succeed.
Donors may create Endowed, Intermediate, or Non-endowed Funds according to their specific needs, or may contribute to a previously established fund that supports causes they favor.
Endowed Funds are permanent funds in which the assets are managed by the Foundation with an investment strategy of spending a portion of the earnings while preserving the principle investment for a longer-term strategy.
Intermediate Funds are non-endowed funds in that they are treated like endowment funds for the purpose of investment, while allowing for a larger allowance for charitable distribution.
Non-Endowment (Annual) Funds allow for maximum flexibility to the donor or fundholder. The fund maintains a minimum balance, allowing for any amount over that balance to be available for charitable distribution.
Any one of these Fund structures may then be tailored to fit a specific type of fund, as noted below: