How does a fund at NCCF work?
Each fund has its own set of parameters and guidelines as described in each fund agreement. Some funds are permanently endowed, allowing grants to be awarded in perpetuity based on spending a percentage of the endowment according to the Community Foundation’s spending policy. As mentioned above, NCCF allocates 4.5% of our assets annually as grants. Other funds are non-endowed, which means that the principle can be spent down through grants, within a set period of time.
