How To Set Up Your Own Endowment Fund
Starting your own endowment fund is surprisingly quick and easy.
Call us - contact the Foundation today by calling 219.465.0294
Tell us what you love - what causes or organizations do you want to support in Porter County
Discover your options - the Foundation offers many different types of funds, we'll help you determine what is the best fit for you
Donate - make the initial gift to your fund, or work with your professional advisor to create a planned gift*
Complete the agreement - The Foundation will complete your fund agreement, you will receive a copy along with a gift acknowledgment letter for your tax records
Make a powerful gift that lasts - the Foundation team will work with you to make sure your gift lasts forever
Types of Funds
You can use your gift to meet ever-changing community needs including future needs that often cannot be anticipated at the time the gift is made. The flexibility of an unrestricted gift enables the Foundation to respond to the community's most pressing needs, today and tomorrow.
Donor Advised Funds
This fund is a perfect choice for those who wish to have ongoing involvement in the use of their gift. You will work with the Foundation staff, identifying ways to use dollars from your Donor Advised Fund to address the issues and needs you care about most.
Field of Interest Funds
You can target your gift to address needs in a specific area of community life, such as the arts, scholarships, seniors, or youth. Once you name the field of interest, the Foundation’s board awards gifts from the fund to benefit agencies and programs making a difference in your specified area of interest.
You can direct your gift to a specific agency or purpose. You identify the recipient(s) to benefit through the gift and the Foundation staff manages the annual distribution of funds.
You can create a named scholarship through the Foundation as a way to assist students and honor family, friends or someone special. You are able to determine the criteria for the educational scholarship.