Establish a Non-Endowed Fund
Creating a non-endowed fund with the Grays Harbor College Foundation provides a flexible way to support students and college programs. Unlike endowed funds, non-endowed funds can be directed toward immediate or future needs over a specified period. Here’s how it works:
What is a Non-Endowed Fund?
A non-endowed fund allows you to provide financial support for specific purposes such as scholarships, student services, or college programs. The principal is used according to your directions, either immediately or over a set timeframe, rather than being invested.
How to Create a Non-Endowed Fund
- Memorandum of Agreement: Work with our staff to establish the fund by outlining its purpose and terms in a Memorandum of Agreement. This ensures your contributions are utilized as intended.
- Initial Contribution: The minimum amount required to create a non-endowed fund is $500. Contributions can be made in a single payment or by other terms agreed upon by the Foundation.
- Additional Contributions: Further donations, whether in cash, securities, or other assets, can be added to your non-endowed fund at any time, by anyone, enhancing its impact.
Impact of Your Contribution
The funds will be used according to the guidelines set in the Memorandum of Agreement, supporting specific initiatives as directed by you.
Create a Meaningful Impact
Establishing a non-endowed fund is a powerful way to make a significant difference at Grays Harbor College. Your gift can address immediate needs or support future goals, ensuring your contribution makes a lasting impact.
For more information on establishing a non-endowed fund and to discuss your philanthropic goals, please contact 360.538.4024 or foundation@ghc.edu.