ENDOWMENTS
Agency Funds These endowment funds benefit the non-profit organizations for which they are named by creating a stable, annual income stream. While they benefit specific organizations, they are an asset of the Community Foundation.
Understanding Endowments Endowments are a lot like weaving yarn into fabric; a few strands don’t make much impact but as the work continues and more threads are added, a fabric emerges and ultimately something functional is produced. When someone makes a gift to an endowment at the Foundation, their contribution is never spent. EVER. Instead, the donation is prudently invested to produce earnings. A percentage of those earnings are used to fulfill the donor’s charitable intent in the form of grants – such as an annual scholarship award or providing food to a local meal program. Through a contractual fund agreement, the Community Foundation makes distributions based on the donor’s charitable goals. Typically, a portion of the earnings are set aside to ensure the fund continues to grow over time. As years go by, grants from endowment funds will far exceed the original gifts.
Acres Land Trust Endowment Fund B.A.B.E. Fund Bernice Kessler Whitley County Humane Society Fund Camp Whitley, Inc. Fund Cancer Services of Northeast IN Fund Center for Whitley County Youth Fund Churubusco Public Library Fund Columbia City United Methodist Church Endowment Fund Crooked Lake Conservation Fund est. by John & Aileen Meier Faith Christian Academy Endowment Fund Freedom Academy Fund George Franklin Schultz YMCA Endowment Fund Habitat for Humanity of Whitley County Fund Honeywell Fund for Art Education Fund Junior Achievement Endowment Fund Loon Lake Conservation Fund Maryln Sellers Whitley County Humane Shelter Fund Methodist Federation of Social Action Fund Mihsihkinaahkwa Powwow Endowment Fund Mission 25 Fund Oak Grove Church of God Children’s Ministries Fund Parkview Whitley Foundation Fund Passages to the Future Fund Peabody Public Library Fund Simon J. Peabody Endowment Fund South Whitley Community Library Fund Stepping Stones Childcare Endowment Fund
T.R.O.Y. Center Endowment Fund United Way of Whitley County Fund W. Byron and Marian E. Bollinger Fund South Whitley Community Public Library Fund W. Byron & Marian E. Bollinger South Whitley United Methodist Church Fund Whitley County and Whitley Memorial Hospital - EMS Fund
Whitley County Council on Aging and Aged Fund Whitley County Historical Society Fund Whitley County Literacy Council Endowment Fund Whitley County YMCA Fund Whitley County YMCA Life Lessons 3rd Grade Learn to Swim Program Fund YWCA Whitley County Fund
$216,734
$55,735
$24,310
$11,376
Total Grants Distributed
$2,150
5 YEARS 10 YEARS 20 YEARS 30 YEARS
1 YEAR
Endowment Value
$51,300
$55,847
$64,631
$84,544
Original Gift: $50,000 Assumes an 8% return and 4% distribution.
$180,442
Endowment Funds are meant to continue to grow and help Whitley County residents for generations to come.
Margaret Malcolm (center) delivered a birthday cake to Mission 25 in celebration of the foundation's 30th anniversary. Also pictured Cami Calhoon and Tammy Nicholson, Mission 25.
4 2021 Annual Report
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Community Foundation of Whitley County
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