 If you wish to choose a specific charity for a set period of time or in perpetuity, ensure that it will receive support through a designated fund. A designated fund allows you to support a specific charity(ies). If the charity goes out of business the Foundation protects your interests by making grants to an organization most closely matching your original intent. Your fund can be set up in three ways:
- Permanent Endowment
The fund's principal is invested in perpetuity and only earnings are distributed for grants.
- Growth Fund
The fund is invested for capital appreciation, but allows distribution of principal.
- Pass-Through Fund
The principal is not invested and the fund anticipates principal distribution. |
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To speak to someone about establishing a fund, please contact the Foundation’s Development team or call us at 919-474-8370 |
