Gifts to endowed or permanent funds are never spent. Gifts are invested, and the income from the investment is used to fulfill each fund’s charitable purpose.
Because the charitable needs of Summers County are continually changing, you may feel that a group of living individuals is better able to determine the current situation of the community than a written document from the past. For the donor who chooses to give a gift with no restrictions, a discretionary fund allows our Board of Directors the flexibility to allocate the income from your fund to meeting the emerging needs of the community.
Field of Interest Funds:
This fund type allows you as the donor to specify a charitable purpose (without naming a particular organization) for the allocation of the fund’s annual income based on your values and interests, be that education, health, social welfare, the environment, local economic development, and so on. These funds partially restrict the use of income, while allowing flexibility to meet changing charitable needs.
For the donor who wishes to direct their fund allocation to a specific charity, this fund type allows you to define the charity or charities you wish to support and the percentages to go to each. If one of your charities ceases to operate or no longer offers the type of service you have defined, we will find one that does, allowing your gift to remain vital and meaningful.
Operating Endowed Funds:
The Foundation’s value to the Summers County community is its role as the trusted, common source for contributions to support the charitable needs and future welfare of the community. We play a vital function for our service area by managing charitable donations responsibly within legal and ethical guidelines. Donors who recognize our value are invited to direct their giving to help defray the
operating expenses of the Foundation and in this way assist in the Foundation’s charitable efforts.
We at the HAF take higher education seriously. The Foundation manages more than 40 scholarship funds that honor family or friends, memorialize loved ones, or ensure donor values are passed from on generation to the next. Our donors entrust us with the management of their scholarship funds. We in turn find the best candidates to fit the criteria they designate and we manage the selection process. Amounts vary from year to year and some scholarships may be renewable for up to four years. Scholarship funds provide access to education for deserving students, who are from Summers County. Funds may be tailored to support students attending a specific school, studying a particular field, or graduating from a specified school; they may address specific financial needs such as tuition, books, boarding, or stipends. Our scholars range from newly graduating high school students to non-traditional or continuing students, technical or trade-school students, as well as those pursuing graduate studies.