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How is the amount available for grantmaking from a fund determined?

April 26, 2017fund grantmaking

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How is the amount available for grantmaking from a fund determined?

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The Clinton County Community Foundation uses the Total Return Concept, allowing a fund to benefit from both income and capital appreciation. The present spending policy is 4%, calculated on a past twelve quarter average of the fund’s market value determined as of December 31 each year.