A Named Fund is an excellent opportunity for families to establish a permanent fund in their name or in the name of someone they wish to honor or remember. It is a wonderful way to ensure their legacy of their loved one lives on for generations.
For a pledge of $25,000 or more, a donor can establish a permanent endowment in their name (or in the name of someone they wish to honor or remember).
Upon establishing a Named Fund, the donor is able to select an area to which the annual spendable portion of the fund will be used. No money will be distributed from these funds until they have been fully funded for one year.