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Photography by Jonathan Broady Photography
Northbound & Co. volunteers cooking community Thanksgiving dinner
Endowment Funds:
Endowment Funds are permanent funds that are pooled for maximum benefit and invested to provide ongoing growth. A percentage of the growth is used to provide grants or scholarships to worthwhile recipients. Endowed funds should be at a $5,000 minimum level in three years.
Non-Endowment Funds:
Non-Endowment Funds are ideal for shorter-term projects where there is desire for more immediate impact. These funds have no permanent principal balance and are immediately available for grant or scholarship distribution. Certain Non-Endowed funds can become an Endowed Fund or invested upon the donor’s request
“Impact Fund for Monroe County” – offers the broadest giving option for allowing grants to be made by CFMC to be proactive, flexible and responsive to our community’s needs. These funds help to make the greatest impact!
Field of Interest Funds – create grants that meet needs in a field that is of interest to you such as education, healthcare or the arts.
Donor-advised Funds – established by people who wish to have a continuing role in the grant process and recommend, year-to-year, where they want their contributions to go.
Designated Funds – make grants automatically to particular, donor-selected nonprofit organizations each year.
Scholarship Funds – provide financial aid to benefit students, educational institutions, fields of study and summer camps who fit defined criteria.
~ Photography by Georgios Stylianides
Memorial Funds – created as temporary funds to receive donations at the time of memorial service that can be distributed or endowed by the family at a later date. (Non-endowment fund that can be made an endowment fund)
Organizational Endowment Funds – create an endowment with a permanent income stream and provide investment management resource for a specific nonprofit organization or agency.
~ Photo provided by Quiet Valley Living Historical Farm