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The HOPE Foundation has
more than 45 named funds that support
scholarships and local non-profit organizations. A fund may
be named
in honor of the donor’s family, someone special, or
in memory of a loved one.
Donor-advised
fund ($5,000 and over): Donors recommend one
or more charitable organizations, projects, or programs to
receive distributions on a regular basis. You may choose how
much and how often you’d like distributions to be made.
Donors may suggest the same or different beneficiaries every
year. Donors may add money over time to reach the endowment
level, making the gift permanent.
Designated
Fund ($10,000 and over): This fund will be distributed
for a pre-determined number of years to a designated charity.
If there is a balance remaining at the end of the number of
years established it will be retained or distributed for charitable
purposes decided by the HOPE Board of Trustees.
Endowment
Fund ($25,000 and over): Each year, 5% of the
balance of this fund is distributed to beneficiaries that
are recommended by the donor. The donor may specify a grant
to a certain charity, a scholarship to a Darke County student,
or an unrestricted grant where HOPE’s board determines
where the funds could best be used in the county. Because
grants are distributed primarily from investment earnings
of this account, your gift keeps giving in perpetuity. |