For the sixth year in a row, the Sheridan County Community Foundation will be participating in the Dane G. Hansen Foundation’s “Match Month Challenge” in which every dollar raised locally up to $50,000 will be matched by the Hansen Foundation.
The funds raised will be added to SCCF’s “Cultivate Sheridan County” endowment fund which will be opened in the future for organizations to apply for grant funding.
What is an endowed fund?
An endowment fund, quite simply, is money set aside (invested) to earn revenue to fund some type of charitable activity. Unlike a typical investment fund, the beneficiary of an endowment fund is a nonprofit organization instead of individual investors.
The principal value of the endowment fund is kept intact, while the investment earnings can be distributable dollars used for charitable grants to nonprofits. Thus, an endowment fund can be held permanently, allowing donors to support causes they care about in perpetuity.
Donations to endowment funds are tax-deductible. Donors often set up endowment funds so they can receive charitable tax benefits immediately upon making their donation while maintaining the social-good grantmaking power for the long term.
No donation amount is too big or too small for this challenge. All with an affinity for Sheridan County and the communities therein are encouraged to contribute and help make a difference in the lives of those in the area for years to come. Donations can be mailed to SCCF, PO Box 445, Hoxie, KS 67740; dropped off at Bottle KAP Studios, 721 Main St. in Hoxie or online at www.gnwkcf.org/donate-sheridanmatch.
For more information, contact SCCF Board Liaison Karl Pratt at 785-675-1240, karlpratt.sccf@gmail.com.
SCCF is an affiliate of the Greater Northwest Kansas Community Foundation based in Bird City. The foundation seeks to encourage, prudently manage, and distribute charitable contributions to improve the quality of life in Sheridan County residents, now and in the future. To learn more, visit www.growsheridancounty.org. Connect with SCCF at www.facebook.com/sheridanccf.