|
Your Owen County Community Foundation
For Good. Forever. For Owen County.
 Your Owen County Community Foundation is a local charity that provides a Gathering place where donor wishes meet community needs. A donor may wish to support scholarships to Owen County students, local charitable organizations, the activities of your OCCF, or they may wish to start a new fund to honor a family member or to provide perpetual support to an area charity or cause.
Donations to various funds of your Community Foundation are not kept separate, but rather are pooled together to obtain better earnings. Those earnings are allocated back to each fund, based on each fund’s percentage of total investments, allowing each fund, and in turn, each donation to Grow.
Of the earnings each year, the Board of Directors determines the “spendable” amount, what will be Given back to the community through scholarships and grants. Payouts for grants and scholarships, a maximum of 5% of the fund balance, are based each year on earnings from the fund.
The operations of the OCCF are funded by an annual operating campaign, the annual Jim Fulford Open Golf Tournament and through a 1% administrative fee charged to each fund. An OCCF Operating Endowment Fund was begun several years back to help ensure that the operations of the foundation will continue.
In January, 2007 your Community Foundation obtained certification from the national Council on Foundations for compliance with Ethical and Operational Standards for Community Foundations.
Your Community Foundation is a public charity and we want the public to have access to financial records.
Please contact us if you have any questions about operations of the Owen County Community Foundation.
|
Owen County Community Foundation, Inc.
201 W. Morgan Street, Suite 202
P.O. Box 503
Spencer, IN 47460
812-829-1725
|
Confirmed in compliance with
National Standards for U.S.
Community Foundations
|
