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Through the years of the HOPE Foundation
the number of named
funds established has multiplied to over 32 and the total
dollars
involved to 1.2 million. The resulting administrative complexity
has prompted the Board of Trustees to establish new guidelines
for the naming of funds.
Permanent endowment:
$25,000 and over
This endowment will remain in perpetuity with the income to
be distributed annually to a designated charity.
Designated fund:
$10,000 - $24,999
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.
Donor Advised
Fund: $1,000 and over
This fund will be distributed
to charities based on the on going advice of the donor. It
is a charitable holding account and remains open for further
deposits from the donor.
HOPE Chest: Any
size gift
This general account has
been established through the generosity of the estate of George
Trittschuh and the foundation of Corning, Inc., for the benefit
of the people of Darke County. Distributions are made by the
Bequest Committee of the Board to local charities. Gifts of
any size may be given to the general account; they will be
named for a period of time.
These guidelines now established
for the naming of gifts do not affect those named gifts now
in existence.
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