WHAT IS A FUND?
A fund is a separate trust with its own donors and its own philanthropic purpose. The funds held by GCCF are invested and managed by the WKCF Investment Committee and a professional investment manager. Solid and responsible investment strategies assure donors of the security of their funds. For funds exceeding $100,000, donors may select the professional investment manager for their fund. All investment fund managers for foundation funds must meet the criteria and performance standards outlined in the foundation investment policy.
Income earned from the investment of these funds is returned to the community through grants awarded to nonprofit organizations serving residents of Grant County.
The Grant County Community Foundation has several types of funds. Funds within these major types may be permanent endowments, in which a portion of the earnings are distributed to the community and the principal is never touched, ensuring that distributions will be made according to the donors’ wishes in perpetuity. Funds may also be non-permanent and all of the principal may be distributed for charitable causes until the fund is depleted.