HOPE Foundation Guidelines
 

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.

Copyright 2008 HOPE Foundation