New Endowment Fund Established to Support Local High School Students

Corydon, Ind. (January 24, 2025) Harrison County Community Foundation (HCCF) Board of Directors recently approved a new endowment fund. Endowment funds are a way to support causes one is passionate about forever, starting 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 that be for 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.

The Blake Schmidt Memorial Trade Programs Fund was established by Dale Schmidt and Trisha Baylor Schmidt in memory of their son, Blake, to support students enrolled in trade programs within the North Harrison Community School Corporation. The fund will help students alleviate costs associated with construction department classes or other trade programs.

Depending on the type of endowment fund, four to five percent of the fund balance can be used for purposes aligned with the original intent. HCCF has over three hundred endowment funds, with approximately $320 million in assets.

If a donor would like to support an existing fund such as the previously mentioned, they can log in to hccfindiana.org and navigate to the endowment fund tab. 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 michelled@hccfindiana.org.