DONOR PORTAL
Building A Legacy for Cabarrus County
How The Endowment Grows
Annual Grant Distribution
Each year, a portion of the interest income generated from the endowment is distributed as grants to support local nonprofit organizations. The value of the grants are determined by the Board of Directors, nonprofit agencies, or individual community investors, depending on the type of endowment fund.
For the Greater Good Society Fund and the Field of Interest Funds, the Grants Committee of the Board of Directors will review the grant applications from the community nonprofit organizations and will make recommendations to the full Board of Directors for annual grant distributions. These grants help address the most pressing needs in Cabarrus County, from food insecurity and housing to healthcare and early childhood education.
With Agency Endowment Funds, the amount distributed to the nonprofit organization is determined by the nonprofit, within the framework of endowment when it was established. For Designated Endowment Funds, which are established by individual community investors, the amount distributed annually is predetermined when the endowment is established, and a gift agreement is executed.
Regardless of the type of fund which produces the grants, by relying on the interest income generated rather than the principal, we ensure that the endowment continues to grow, providing a steady stream of support for our community year after year.
The Power of Endowments
Endowments hold incredible power in their ability to amplify the impact of generosity over time. When an endowment is established, the initial contributions are carefully invested, allowing the fund balance to grow year after year. As the principal remains untouched, interest and investment returns accumulate, creating a larger fund balance that can be drawn upon in the future. This compounding effect means that the endowment not only sustains itself but also expands, providing a continually growing source of funding for community needs.
The beauty of an endowment lies in its long-term impact. As the fund balance increases, so do the annual grant distributions. Over time, the total impact of the fund balance plus the cumulative value of the grants distributed can be many times greater than the initial investment, ensuring that the generosity of today creates a ripple effect of positive change for years to come. What begins as a single contribution transforms into a legacy, with the total impact of the investment far exceeding the original gift. By creating or contributing to an endowment, community investors multiply their impact, contributing to a brighter, more sustainable future for Cabarrus County nonprofit organizations and the clients they serve.
By pooling our resources and investing in the future, we can create a stronger, more vibrant Cabarrus County. Your contribution to an endowment today will continue to make a difference for generations to come.
Additional Information
