Many donors wish to establish a new endowment with Harper County Community Foundation. An endowment is a fund in which the principal is invested in perpetuity and only the income generated is distributed annually. This allows your gift to benefit our County forever.
Establishing a new endowment allows you greater flexibility as to how you would like your gift designated and which organizations or causes you want to support. There are several options for donors wishing to start a new fund:
- A Designated Fund is established for a specific organization, fund, or charitable purpose of your choice.
- Donor-Advised Funds allow you to make recommendations on distributions on an annual basis.
- A Field of Interest Fund enables you to specify an area of interest, such as education or the arts. The foundation board of trustees reviews community needs and makes distributions to benefit projects or causes in that specified area.
- A Scholarship Fund is established to support individual students in their educational endeavors. As the donor, you may help designate the criteria used in selecting recipients of the scholarship funds.
By starting an Unrestricted Fund, you allow the Foundation Board to be flexible and proactive in meeting the changing needs of the County.
Please contact us at email@example.com for more information about starting a new fund.
Please note all non-monetary gifts are subject to approval and acceptance by the Foundation.