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Greene County Foundation has around 40 designated endowment funds, which were set up by donors to support specific organizations. The Foundation administers and invests these funds in a balanced approach to offset risk while generating positive returns. Then the Foundation provides annual payouts of earnings, net proceeds, in the form of checks to these nonprofits in February-March.
The Foundation strictly adheres to the donors’ intent, so the donors control who gets the payouts. The funds can be named in memory or in honor of someone, i.e., the Dutch and Juanita Rowe Fund which supports school supplies at Shakamak and WRV.
A few examples of organizations supported include:
- SON Ministries
- Greene County Senior Centers
- Middle Way House
- Greene County Humane Society
- Shawnee Theatre
- Local public libraries
- Cemeteries and many others
Some donors choose to set up endowed funds to be awarded as a scholarship, often in memory or honor of a loved one. The Foundation administers and invests these funds in a balanced approach to offset risk while generating positive returns. Then the Foundation pays out net proceeds in the form of scholarship support to local students.
Scholarships for graduating high school seniors are awarded during May, typically at school honor nights.
Scholarships to college students and working adults are awarded in the summer.
Visit Scholarships for more information.
Donors who give unrestricted support help fund the Community Support Grant Cycle. The Foundation administers and invests these unrestricted funds in a balanced approach to offset risk while generating positive returns. Net proceeds are paid out annually in the form of grants.
The Community Support grants are competitive, with applications typically accepted during late spring. Applications are reviewed by the Grants Committee, which then makes award nominations that are approved by the Board of Directors.
This unrestricted funding is so important in allowing the Foundation to address the community’s greatest needs.