United Way Donor Issues Challenge to Benefit Endowment Fund

United Way of Door County has announced a very special donation to its endowment fund in the form of a challenge gift. An anonymous donor has pledged $10,000 to the Endowment Fund, with the stipulation that it be matched by donations from the community by July 30.

Donations to the Endowment Fund can be pledged in many ways, i.e. cash, check, life insurance, securities, or other recognized financial instruments.

“Gifts to the Endowment Fund provide for a legacy of service that will positively impact the lives of the people of Door County for years to come,” said Endowment Fund Committee Chair Eric Paulsen. “The Community Challenge provides United Way a unique opportunity to realize a significant gift by appealing to our donor investors through this method.”

Funds received in the Endowment Fund are invested with the Door County Community Foundation. Five percent of the year-end balance generated is distributed back to the community through an annual grant process. Applications for grants from the Endowment Fund are accepted each year from non-profit agencies to assist them in their community work.

The request for endowment funds differs from the annual campaign solicitation. Annual campaign funding addresses the short-term needs of the community identified during the annual planning process. Endowment moneys are intended to be longer term in nature. As a result of the ability to invest these funds and generate interest, ongoing financial stability is maintained.

For more information call 920.746.9645 or email [email protected].