Meeting Ever-Changing Needs
When you establish an unrestricted fund, your gift addresses a broad range of local needs—including future needs that often cannot be anticipated at the time your gift is made. We evaluate all aspects of community well-being: arts and culture, economic development, education, environment, health and human services, recreation, youth, and more. The flexibility of your unrestricted gift enables your Community Foundation to respond to the community’s most pressing needs, today and tomorrow.
- Roma Walstrom Bolline Fund
- Michael Thain Cameron Fund
- Sally and John Clark Fund
- Catherine G. Curran Fund
- Curtis Family Fund
- Drost Community Fund
- Suzanne G. Felt Fund
- Hi and Joedy Hall Fund
- Gladys and Jack Hamill Fund
- Bonnie Hess Fund
- Robert Horner Fund
- Donald Hufford Endowment Fund
- Marilyn M. Icke Fund
- Impact Investing Fund
- David H. Irish Charitable Fund
- Fred and Joyce Koehler Family Fund
- Lent Family Fund
- Lotspeich Family Fund
- Matt Mathias (Emer A. Mathias) Memorial Fund
- Marge May Fund
- Pearl E. McPike Charitable Fund
- Moffett Family Fund
- Thomas S. and Ellen K. Noneman Fund
- Albert and Carol Osborn Memorial Fund
- Frances Hamilton Schirmer Fund
- Sue Schulze Fund
- Frances and Jeffrey Shepard Fund
- Budd and Shirlee Tallberg Charitable Fund
- Hugh D. Winnell Fund
- Jack and Elayne Zaiger Family Fund
When you establish a community fund, your gift will meet ever-changing needs – including future needs that often cannot be anticipated at the time your gift is made. The flexibility of your gift enables your Community Foundation’s knowledgeable staff and dedicated community members to respond to the community’s most pressing needs and valuable opportunities, today and tomorrow.
- You make a gift to your Community Foundation during your lifetime or through a bequest in your will. You can give cash, appreciated stocks, real estate, or other assets. You receive tax benefits in the year your gift is made.
- We set up a special fund in your name, the name of your family or business, or in honor of any person you choose.
- Your gift is placed into an endowment that is invested over time. Earnings from your fund are used to make grants to support programs and projects in the areas of arts and culture, community and economic development, environment, health and human services, recreation, and youth. The Community Foundation’s professional staff and committed community representatives determine how to put those dollars to work in order to meet needs and leverage opportunities.
- We handle all the details.
- Your gift – and all future earnings from your gift – is a permanent source of community capital, helping to do good work forever.
A Lasting Legacy
Jack and Elayne Zaiger made their home here, ran a successful business and raised a family. In 1995, Elayne created the Jack Zaiger Family Fund at the Community Foundation. Elayne explained: “I can accomplish so much more through the Community Foundation than I might on my own.” Because it is unrestricted, the Fund’s assets join together with those of other community funds and the income generated is used to make a variety of grants throughout Emmet County. They are both gone now, but their gift will continue to benefit this place they called home - forever.
Field of Interest Funds:
Choosing A Cause
A field of interest fund allows you to identify a specific charitable area you would like to support, like youth, the arts, or the environment. You may add to an existing fund, like the Fund for Youth or the Shoreline Fund, or you may establish a named fund specifying the charitable area of your choice.
- Jerolene and Lewis Brown Charitable Youth Fund
- Carpenter Family Fund
- Emmet Housing Solutions Fund
- Environmental Education Fund
- Essential Needs Fund
- Deb Greenwald Foster Family Care and Support Fund
- Healthy Community Fund
- Robert Horner Fund for Natural Resource Conservation
- Jeff Kring Outdoor Youth Education Fund
- Little Traverse Bay Hospice Fund
- Little Traverse Bay Protection and Restoration Fund
- Lofts at Lumber Square Fund
- Dree Look Lo Tennis Fund
- Matt Mathias (Emer A. Mathias) Fund for Conservation
- Northern Michigan Housing Fund
- Schulze-Stern Fund for Young People
- Seguin Family Fund
- Science for the Future Fund
- Dorothy Scott Fund for Senior Citizens
- Shoreline Fund
- United Way Health and Human Services Fund
- Urban Forestry Fund
- Ward & Eis Elder's Project Fund
- Zonta Women and Children's Fund
When you establish a field of interest fund, you can target your gift to address needs in an important area of community life: the arts, neighbors in need, recreation, public spaces. Your community foundation will award grants to area organizations that are making a difference in the area you select. Your gift stays flexible enough to meet community needs in your interest area, even as they change over time.
- You make a gift to the Community Foundation during your lifetime or through a bequest in your will*. You can give cash, appreciated stocks, real estate, or other assets. You receive tax benefits in the year your gift is made.
- We set up a special fund in your name, a name describing the area of interest, the name of your family or business, or in honor of any person you choose.
- Your gift is placed into an endowment that is invested over time. Earnings from your fund are used to make grants to support programs and projects in your selected area of interest. These dollars will leverage Fund for the Community dollars, meeting more needs and opportunities overall.
- We handle all the details.
- Your gift – and all future earnings from your gift – is a permanent source of community capital, helping to do good work forever.
* Minimum amount to establish a fund is currently $10,000.
Protecting the Bay
The goal of the Little Traverse Bay Protection and Restoration Fund is to help ensure that the waters of the Little Traverse Bay watershed will be enhanced, restored, and protected for generations to come. In 2010, this fund was established by CMS Land Company with a challenge grant of $500,000. Our community met the challenge to match those funds, and since then the Community Foundation has directed over $400,000 in grants toward important work related to the Little Traverse Bay watershed. This fund will meet needs over time, even as they change, to protect the bay we love.
Endowing Your Nonprofit Organization
Establishing an agency endowment fund is a simple and efficient way to build income for your nonprofit organization. Your donors can be sure they are providing a source of lasting support. Your fund becomes part of the Community Foundation’s pool of endowed assets. Thus, the Community Foundation’s economies of scale provide your organization the benefits of a diverse investment portfolio that typically comes only with large funds.
- Administrative Endowment Fund (The Community Foundation’s operating endowment fund)
- Animal Security Fund
- George Armstrong Spirit Day Camp Endowment Fund
- Bay Bluffs Endowment Fund
- Bay View Association Endowment Fund
- Blissfest Endowment Fund
- Camp Daggett Fund
- Challenge Mountain-Spirit Day Camp Fund
- Child and Family Services of Northwestern Michigan Fund
- Concord Family Association Fund
- Crooked Tree Arts Council Cultural Fund
- Emmanuel Episcopal Church Bequest Fund
- Emmanuel Episcopal Church Endowment Fund
- Emmet-Charlevoix Bar Foundation Fund
- Emmet County Lakeshore Endowment Fund
- First Presbyterian Church of Harbor Springs Bequest Fund
- First Presbyterian Church of Harbor Springs Endowment Fund
- First Presbyterian Church of Petoskey Endowment Fund
- First Tee Fund
- Friendship Centers of Emmet County Endowment Fund
- Great Lakes Chamber Orchestra Endowment Fund
- Harbor Area Housing Fund
- Harbor Springs Area Historical Society Endowment Fund
- Harbor Springs Education Foundation Fund
- Harbor Springs High School Band Boosters Fund
- Harbor Springs Library Endowment Fund
- Land and Water Education Fund
- Land and Water Education Fund-LTC
- Land and Water Education Fund-TOMWC
- Little Traverse Choral Society Endowment Fund
- Little Traverse Civic Theatre/Ross Stoakes Memorial Fund
- Little Traverse Historical Society and Museum Fund
- Little Traverse Sailors Endowment Fund
- Manna Fund
- Steve and Molly Kircher Fund for Manna
- Manna Project Endowment Fund
- Michigan Dyslexia Institute - Northern Michigan Center Endowment Fund
- New Life Anglican Church Endowment Fund
- North Central Michigan College Foundation Special Project Fund
- Northern Community Mediation Endowment Fund
- Northern Community Mediation Fund
- Northwest Michigan Food for Humanity Fund
- Northwest Michigan Habitat for Humanity Fund
- Petoskey Area Garden Club Endowment Fund
- Petoskey Area Garden Club Fund
- Petoskey District Library Fund
- Petoskey Education Foundation Fund
- Petoskey Lions Club Fund
- Planned Parenthood Northern Michigan Fund
- Scenic Michigan Endowment Fund
- St. Francis Xavier Endowment Fund
- Tip of the Mitt Watershed Council Water Quality Fund
- Top of Michigan Trails Council Fund
- Walloon Lake Trust and Conservancy Fund
- Women's Resource Center of Northern Michigan Endowment Fund
- Women’s Resource Center Jan Mancinelli Operations Fund
- Women's Resource Center Operations Fund
Establishing an agency endowment fund is a simple and efficient way to build income for your nonprofit organization. Your donors can be sure they are providing a source of lasting support. Your fund becomes part of the Community Foundation’s pool of endowed assets. Thus, the Community Foundation’s economies of scale provide your organization the benefits of a diverse investment portfolio that typically come only with large funds. We can help you develop planned giving programs to assist your donors with bequest giving, gifts of stock or other assets which will benefit your fund and add to the long-term growth of your organization.
- Your board determines how much you would like to invest long-term.*
- You work with us to complete the simple, one-page fund agreement (sample on back).
- We set up the fund in the name of your nonprofit organization.
- Your organization receives quarterly statements on fund activity.
- Your organization and your donors may add to the fund anytime.
- Every spring you receive a letter letting you know what spending allocation you have available.**
- We handle all the administrative details—including investment management, donor acknowledgements, and quarterly reports which gives you more time to concentrate on your mission.
*Minimum to establish an agency endowment fund is $10,000. May be established with $5,000 and given three years to reach $10,000. No allocations will be made from the fund until fund reaches $10,000 in gifts.
**Based on the Community Foundation’s spending policy as in effect from time to time and market conditions permitting.
AGREEMENT TO ESTABLISH THE [NAME OF THE FUND]
I / We will soon/hereby deliver a check for $[AMOUNT] [or the property described in Exhibit A] payable to the Petoskey-Harbor Springs Area Community Foundation (“the Foundation”), a Michigan not-for-profit corporation. This is a gift for the purposes enumerated and set forth in the Articles of Incorporation establishing the Foundation and is to be administered by you subject to all of the terms and conditions contained in your Articles of Incorporation and By-Laws establishing and governing the Foundation and any amendments or additions thereto, including presumption of donor intent and variance from Donor’s directions.
Through this gift it is the intention of the governing board of the [NAME OF THE ORGANIZATION], (“the Organization”) to create the [NAME OF THE FUND] (“the Fund”) of the Foundation. The Fund is open-ended and assets can be added at any time upon acceptance by the Foundation, and it is hoped that other individuals, organizations and businesses will also add to the Fund, thereby showing support for the Organization.
The governing board of the Organization reserves the right to recommend to the Trustees of the Foundation as to the distribution of net income from the Fund according to the spending policy of the Foundation as in effect from time to time. The Organization may also request that all or a portion of the net income be reinvested in the Fund. The recommendation to the Trustees of the Foundation as to distributions from the Fund shall be in writing. In the event of the dissolution of the Organization, the Foundation shall make distributions of net income from the Fund for such purposes or to such organizations as, in the opinion of the Board of Trustees of the Foundation, most nearly meet the purpose of the Organization.
All gifts to the Foundation for the purpose of the Fund shall be irrevocable once accepted by the Foundation. The Board of Trustees of the Foundation shall have the power, cy pres, to modify any condition or restriction on the distribution of assets for any specified organization if, in its sole judgment, those restrictions become, in effect, unnecessary, incapable of fulfillment, or inconsistent with the charitable needs of the area served by the Foundation.
The Foundation may commingle the assets of the Fund with the assets of other Foundation funds, provided however, that the separate identity of each fund will be maintained. The Fund will be the property of the Foundation and will not be deemed a separate trust fund held by it in a trustee capacity.
The Fund shall share a fair portion of the total investment and administrative costs of the Foundation. Those costs will at all times be reasonable, will be in accordance with the current fee schedule applicable to funds of this type, and will not exceed usual and customary rates. Any cost to the Foundation in accepting, transferring, or managing property donated to the Foundation for the Fund shall be paid from the Fund.
MY SIGNATURE INDICATES ACCEPTANCE of the terms and conditions of the agreement.
WE HEREBY ACKNOWLEDGE RECEIPT OF THE ABOVE GIFT, and agree to administer the same under the provisions of the Articles of Incorporation and By-Laws establishing and governing the Foundation, as amended.
PETOSKEY-HARBOR SPRINGS AREA COMMUNITY FOUNDATION Executive Director Date
Donor Advised Funds:
Taking Charitable Giving Personally
When you establish a donor advised fund you have the opportunity to recommend grants to charitable organizations (the governing board remains free to accept or reject donor suggestions). You (and your family) can work with our experienced grantmaking staff to suggest ongoing uses for your fund – targeting the issues you care about most. Grant awards are issued to non-profit organizations in the name of your fund. It’s a simple, powerful, local, and highly personal approach to giving.
- David and Brenda Bell Family Fund
- Neil T. and Marsha L. Bidwell Charitable Fund
- Biggs Family Charitable Fund
- Biltz Family Community Fund
- Blanchard Family Fund
- Bleyaert Family Fund
- Bolton Family Fund
- Bund Family Fund
- Buzzelli Family Charitable Fund
- Byers Family Charitable Fund
- Tom and Susie Carruthers Fund
- Dan and Linda CasaSanta Family Fund
- Catalina Starlight Fund
- Maggie and Bob Charlton Family Fund
- Chermside Family Fund
- Circuit Controls Corporation Charitable Fund
- Clarke Family Fund
- Perry D. and Karen L. Clark Fund
- Julie and Murray Cotter Family Fund
- Crawford Lee-Mills Fund
- Joe and Julie Damore Family Fund
- Deborah and David Deal Gift Fund
- Donovan Charitable Fund of Harbor Springs
- Jack Michael Duff Memorial Fund
- Edgewater Community Fund
- Erickson Family Fund
- Everyone Matters Fund
- Michael J. and Marjorie K. FitzSimons Fund
- Chip and Jean Frentz Family Fund
- Frey Foundation Fund
- Ted and Brenda Frey Donor Advised Fund
- Gano Family Fund
- Jack Garber Family Fund
- Gijigowi Fund
- William and Louise Graham Fund
- Patti and Balky Grannis Family Fund
- Hameister Family Charitable Fund
- Hanna-Renkes Literary Guild Fund
- William H. and Louise T. Harrison Fund
- Barbara and Jerome Hoganson Fund
- Holder Family Foundation Fund
- Dr. H. Ross and Virginia G. Hume Charitable Fund
- Ann K. Irish Charitable Fund
- Cathy Kalahar and David Evrard Charitable Fund
- Keller Flaherty Family Fund
- Everett and Lois Kircher Family Fund
- Knowlton Family Fund
- Kroeger-Mainland Family Fund
- Ledyard Family Charitable Fund
- Crawford Lee-Mills Fund
- Loyd Family Fund
- Lutjens Family Fund
- The Mainland Family Fund
- McKinney Family Charitable Fund
- Meyerson Family Tzedakah Fund
- Maude and Gorton Milliken Fund
- Moellering Family Fund
- Jim and Trish Murray Charitable Fund
- Ryan J. Murray Charitable Fund
- Steve and Anne Murray Charitable Fund
- Mort Neff Family Fund
- Neithercut Family Fund
- Nelson-Dennis Family Fund
- Thomas D. Ogden Family Fund
- Ted and Lori Pall Charitable Fund
- Todd and Kathy Petersen Charitable Fund
- Petoskey Rotary Charities Fund
- Petoskey Rotary Park Fund
- John D. Pickering Fund for Equal Parenting
- Mary Elliott Rapin Fund
- Mary Clare Reynolds Joyce Fund
- Scholl Family Fund
- Roger E. and Peggy Dicken Schwer Fund
- B.J. Shawn and Becky Kranig Fund
- Linda Sheppard Nurses Fund
- Mary Lou and Tom Smith Family Fund
- Scott and Dibby Smith Family Fund
- Stafford and Janice Smith Family Fund
- Leslie and Mervyn Sternberg Fund
- Susan Irish Stewart Charitable Fund
- Sturgeon River Pottery Fund for Education in Visual Arts
- Tanton Family Fund
- Marana Webber Tost Charitable Fund
- VandenBrink Biddick Family Fund
- Brian and Dawn Wagner Charitable Fund
- Walstrom Marine Charitable Fund
- Hal and Gail Willens Family Fund
- Winnell Family Fund
- Marjorie A. Winnell Healing Center Fund for Complementary Medicine
- David and Barbara Young Fund
When you establish a donor advised fund, you make a gift to your Community Foundation then remain actively involved in suggesting uses for your charitable fund with support and local expertise from staff.
- You make a gift to the Community Foundation - you can give cash, appreciated stocks, real estate, or other assets.* You receive tax benefits in the year your gift is made and every time you add to your fund.
- We set up a special fund in your name, the name of your family or business, or in honor of any person you choose.**
- Your gift can be placed into an endowment that is invested over time. While this is not a requirement for a donor advised fund, it does support the Community Foundation’s mission of building a permanent source of charitable funds to serve our area.
- Dollars from your fund are used to recommend grants to support the causes and organizations you care about most.*** Community Foundation staff can provide information and opportunities to further your grantmaking. We handle all the details and issue grants to organizations in the name of your fund.
- Your gift can support charitable causes easily and efficiently. Community Foundation staff can help connect you with local organizations doing work that is important to you – right here in Emmet County.
*Minimum amount to establish a fund is currently $5,000, and we encourage you to keep this as your minimum balance.
**See Donor Advised Funds guidelines for full details.
***Minimum grant amount is $100 and we prefer that grants stay within Emmet County.
David and Barbara Buzzelli established their donor advised fund to do their charitable giving in and around Harbor Springs: “Becoming involved in the Community Foundation has given us a wellrounded perspective of the region. It’s an excellent way to assist others and help this community to grow and be all it can be.” Using their fund, the Buzzellis support needs and opportunities easily and efficiently – making a difference in areas that are important to them.
Supporting an Organization for the Long Term
Designated Funds are similar to Agency Funds in that you can name a specific charitable organization as recipient. You may add to an organization’s existing endowment or create one for them to provide a source of lasting support.
- Clancy Bellmer IOOF Little League Fund
- Benjamin B. Blum Lodging Assistance Fund
- Agatha O. Boettger Senior Citizens Fund
- Broughman Bonus and Richardson Reward Fund
- Camp Daggett Klopcic Family Campership Fund
- Foster-Hartley Lake Preserve Stewardship Fund
- Gloria Frank Anishinaabek Education Fund
- William C. and Jennie S. Germond Fund
- Marjorie E. Green Fund for Little Traverse Bay Humane Society
- Matt Mathias (Emer A. Mathias) Memorial Fund for Camp Daggett
- Matt Mathias (Emer A. Mathias) Memorial Fund for Little Traverse Historical Society
- Matt Mathias (Emer A. Mathias) Memorial Scholarship Fund
- Emer A. Mathias NCMC Foundation Fund
- Otho J. Mathias Scholarship Fund
- Wil Moyer Music Scholarship Fund
- Nehemiah Project Endowment Fund
- Nehemiah Project Fund
- Northern Michigan Fund
- Albert and Carol Osborn Memorial Fund for the Friendship Centers of Emmet County
- SAFE in Northern Michigan Fund
- Bob Schulze Fund for Creative Writing
- Ann Smith Charitable Fund
- Hugh D. Winnell Scholarship Fund in Memory of Vera Jean and Marjorie Winnell for Kiwanis
- Hugh D. Winnell Scholarship Fund in Memory of Vera Jean and Marjorie Winnell for NCMC
- Hugh D. Winnell Scholarship Fund in Memory of Vera Jean and Marjorie Winnell for PEF
Additional Community Funds:
Other Interests We Are Funding
Community Giving Funds:
- Fund for the Community
- Fund for Youth
Community Giving Circles:
- Birchwood Outreach Fund
- Edward Jones Community Outreach Fund
- Harbor Cup Charitable Fund - Team Boyne
- Harbor Cup Charitable Fund - Team Harbor
- L’Arbre Croche Fund
- Sunrise Rotary Charitable Fund
Special Project Funds:
- Petoskey Community Pool Fund
- Petoskey Swimming Pool Fund
- Petoskey Tennis Courts Fund
- Winter Sports Park Fund
When you set up a scholarship fund, the Community Foundation’s scholarship program connects those dollars with deserving local students pursuing further education.
- Alberto Moreno Memorial Scholarship Fund
- Amy Elizabeth Kelbel Scholarship Fund
- Angeldee Trade Scholarship Fund
- Anna Funk Memorial Scholarship Fund
- Baiardi Family Foundation Scholarship Fund
- Barry Potter/HOPE Scholarship Fund
- C. W. McClellan Scholarship Fund
- Café Society Educational Fund
- Thomas Dale Sr. Memorial Scholarship Fund
- Ephraim Shay Scholarship Fund
- Gerald Gramzay-Stafford’s Hospitality Culinary Scholarship Fund
- Harbor Springs Opportunity Scholarship Fund
- Home Builders Association of Northern Michigan Building Industry Career Scholarship Fund
- James and Carolyn Cloutier Scholarship Fund
- Janet and Richard Gorman Scholarship Fund
- Jennifer A. Kullik Memorial Scholarship Fund
- Kiwanis of Harbor Springs Scholarship Fund
- Little Traverse Literary Guild Scholarship Fund
- Marana Tost First Tee Scholarship Fund
- Marshall-Parker Family Scholarship Fund
- Marshall-Smith Scholarship Fund
- Mary McClutchey Amacher Scholarship Fund
- Michael Gale Phillips Memorial Scholarship Fund
- Olofsson Family Scholarship Fund
- Petoskey Area Business and Professional Women’s (BPW) Scholarship Fund
- Robert Jensen Dau Memorial Scholarship Fund
- Sara J. Latimer Redpath Church Memorial Scholarship Fund
- Scott Batchelor Scholarship Fund
- Stafford and Janice Smith Scholarship Fund
- Marty Van De Car Memorial Scholarship Fund
Thanks to the generosity of community members dedicated to the scholastic development of area students, scholarship funds can be established to help local students continue their education, expand their talents, and achieve their goals.
Investing in Students
Al and Pat Olofsson established the Olofsson Family Scholarship Fund in 1999 with $10,000, growing the fund to over $60,000 through gifts and growth. The individual is selected based on scholastic ability (with a minimum GPA of 3.0) and financial need. Priority will be given to families who have accumulated some financial resources, but who might not be able to continue their child’s education without some assistance. Priority consideration is given to those studying business, math or science curricula. Over the years, the fund has provided $38,000 in scholarship support to students from Emmet County. Now that’s a good investment.