Giving to the Foundation
How To Give
Giving a Helping Hand Fund
There’s a name for charitably-minded people who choose to invest in causes they care about – they are called philanthropists. Contrary to old beliefs that it takes a Rockefeller or a Bill Gates to be philanthropic, here in Whitley County local residents have found they can make a positive difference with gifts large and small, to support causes and organizations serving to meet needs and enhance our community.
When they make gifts to an existing endowment fund or create one of their own, our donors understand that their contributions will never be spent. Ever. Instead, their gifts are saved and wisely invested to produce earnings that are used to make grants or fund scholarships. A legal Fund Agreement ensures the Community Foundation is obligated to distribute the earnings pursuant to the donor’s intent. This means a fund started to support history will always support history. A nursing scholarship will always be awarded to a student who wants to become a nurse.
Typically, only a portion of the earnings are distributed each year, allowing endowment funds to grow over time and last forever. As the years go by, grants or scholarships generated by the endowment will far exceed the amount of the donor’s original gift.
Whether donors want to create a named fund or direct their gifts to any number of causes, we’re here to assist.