Donors establish four new HCCF endowment funds
The Harrison County Community Foundation (HCCF) Board of Directors recently approved four new endowment funds established by donors with connections to Harrison County. Endowments are a way to support causes one is passionate about forever. A fund begins with a gift placed in a set-aside fund held by the Foundation. The original and subsequent gifts are invested to generate additional, ongoing support for the fund's chosen purpose, whether a nonprofit or cause. One meaningful way to honor the memory of a loved one is to establish an endowment fund supporting a nonprofit organization or cause that was important to them.
Endowment funds recently established include:
- Harry F. Kepner and Mildred A. Kepner O'Bannon Genealogy Library Fund – Established by Robert F. Kepner, in memory of his relatives, to provide general support for the Frederick Porter Griffin Center for Local History and Genealogy.
- Inez Wolfe Memorial Feline Rescue Fund - Established by Jessica and Marty Bachman in memory of their friend, Inez Wolfe, to provide general support for the welfare of the feline overpopulation in Harrison County.
- Kathy Franks Skinner Music Fund - Established by Kathy Skinner to provide general support to music programs at North Harrison High School.
- Stella Jo Mullins Hardin Memorial Adult Scholarship Fund – Established by Janet Clampitt and Norman “Chip” Clampitt, in memory of Stella Mullins, Janet’s high school friend, to provide a non-renewable, one-year educational scholarship for adult students pursuing a post-high-school course of study with preference for South Central High School graduates.
Depending on the type of endowment fund, four or five percent of the fund balance amount can be used for purposes aligned with the original intent. HCCF currently has over three hundred endowment funds established with approximately $32 million in assets.
If a donor would like to support an existing fund such as the previously mentioned, they can log onto hccfindiana.org. To learn more about the types of endowment funds and the process for establishing one, contact Michelle Dayvault, HCCF Director of Development, at (812) 738-6668 or email@example.com.