Three new education-related endowment funds established

February 21, 2024 / 5 mins read

The Harrison County Community Foundation (HCCF) Board of Directors recently approved three new endowment funds related to education in the local community. 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:

  • Charles and Margaret Krousgrill Memorial Endowment Fund – Established by their children to support South Central High School in Elizabeth by providing agriculture-related education programs such as FFA.
  • Corydon Central High School Class of 1960 Educational Enrichment Fund - Established by the Corydon Central High School Class of 1960 to provide cultural enrichment and enhancement opportunities such as arts, music, and theatre opportunities for first through twelfth-grade students of South Harrison Community School Corporation.
  • Lanesville Community School Corporation Technology Fund - Established by Robert and Teresa Schickel to provide technology maintenance, upgrades, new technology, and related needs for Lanesville Community School Corporation.

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 those previously mentioned, they can log onto 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