04090 L 03-04 Annual Report - The Dayton Foundation

Endowment Funds of The Dayton Foundation
For 83 years, The Dayton Foundation
has managed endowed (long-term) funds
entrusted to the Foundation by caring individuals
and organizations. While each fund
differs in size and purpose, all share the
same goal: to make a difference.
The Dayton Foundation offers a broad
spectrum of endowment-fund choices and
can tailor the type of fund to the donor’s
charitable goals. Donors may select:
❧ what level of involvement they want
to have in distributing income from their
endowment fund – they may select what
organizations or areas of charitable interest
will receive distributions from their fund or
leave that decision to the Foundation – and
❧ what type of asset they wish to use to
fund their endowment.
Donors also may choose to have The
Dayton Foundation award grants from their
fund anonymously.
With current funding, distribution
begins during the donor’s lifetime. Through
a deferred gift, grantmaking occurs after the
donor’s lifetime. Creating a legacy through a
will, life insurance policy, retirement plan,
life income plan or other deferred plan may
provide a living memorial for charitable
causes in which a donor believes. Donors
know that the Foundation will manage their
charitable funds wisely and, over the long
term, grow resources for grants to benefit
future generations.
Most donors who establish an endowment
fund make a commitment to bring the
fund to at least $25,000 in assets, which can
be accomplished over time. Endowment
funds can serve a wide variety of charitable
causes – civic, cultural, educational, environmental,
health, religious and social service-related.
These funds can assist charities
in the Greater Miami Valley and beyond.
Whatever type of endowment fund a
donor chooses, whether the purpose is restricted
by the donor or not, the Foundation
and the Governing Board ensure that each
fund fulfills the donor’s wishes and continues
to play a useful role in our community,
no matter how times may change.
The funds listed on the following pages
include both new funds and funds established
prior to July 1, 2003. Of the 67 new
endowment funds established in 2003-2004,
52 funds and their descriptions are listed.
The remaining 15 funds are not listed, either
because the fund is part of a larger (listed)
fund, or because the donor has requested
that the fund not be publicized.
All of these funds represent the growing
history of The Dayton Foundation and exemplify
donors’ commitment to society and
to the Greater Miami Valley community. The
funds will continue to give, in donors’ names,
for generations to come.
Other individuals may make a contribution
into another’s endowed fund. In this way,
a donor’s gift can join others’ for maximum
charitable benefit.
The Dayton Foundation recommends that people consult
with their financial, tax or legal advisor when contemplating
starting an endowment fund with the Foundation.
Endowment Funds: The Dayton Foundation Report to the Community 2003-2004
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