How does the United Way of Door County Endowment Fund work?
Gifts you make to the Endowment Fund are invested with the Door County Community Foundation, where they generate interest income. Each year, five percent of the Endowment Fund’s assets (essentially the income generated) are given back to the community via a grant process. Non-profit organizations apply to the Endowment Fund for the funds available for that year. This process allows the Endowment Fund to grow, yet protects the principal – invested forever. The Endowment Fund will provide stability through challenging economic times and provide a long-term base of support to meet needs as they change over time, assuring that help will be available to our community when it’s needed most. Because the United Way is able to invest these funds and generate interest income, operating costs of the organization can be also be funded, as necessary. This ensures that the organization maintains its outward focus. Please consider a gift to the United Way of Door County Endowment Fund.
