DONOR DIRECTED ENDOWMENT FUNDS

($25,000 minimum)

There are donors who want to be actively involved with their charitable giving but want the help of expert partners and managers. 

 

By establishing a Donor-Directed Fund, a donor can recommend grants from their fund for scholarship assistance to graduating seniors, or to focus on a specific area or areas for assistance and/or enrichment.

 

For example, a donor may decide that their fund may be used to improve the quality of teacher education and direct that funds be appropriated for teacher training.

 

Donor-Directed Funds may be pointed to music programs and focus on band/orchestra instrument replacement or focus on science and technology equipment upgrades. Family members may advise jointly with the donor.

 

The Huron Educational Foundation can help select grantees or structure grants. A donor-advised fund can ultimately become a permanent family legacy for the community.

 

• Funds are simple to create. 

• There are no start-up costs. 

• Gifts to the funds are generally tax deductible.

• Once established at the $25,000 minimum, the fund can be added to in any amount, at any time.

• Donors make advisory grant recommendations; final review and approval rest with Huron Educational Foundation's Distribution Policy Statement and approved donor agreements.

• Donors may use the Huron City School professional staff to assist them in the grant application selection process.

• Administrative tasks (reporting, record keeping, correspondence, grant distribution, and grant managing) are handled by the Huron Educational Foundation.