WITH TWO DAUGHTERS OF MY OWN, I want to set an example of giving back to the community. I love supporting the Women’s Fund because my donations affect many different organizations and programs that help women and girls.
A Young Philanthropist’s Fund is an endowment fund established for a daughter, son, grandchild, niece, nephew or other special child. It is designed to help the child develop the interests and skills he or she needs to become an active philanthropist and to give them the means to put their philanthropic ideals into action. A Young Philanthropist’s Fund is established in the child’s name, and grows through contributions and earnings over time until the assets in the fund total $10,000. While the fund is growing, the child will receive materials designed to educate her or him about philanthropy and their role as a philanthropist.
A Young Philanthropist’s Fund can be established with a minimum initial investment of $1,000. Contributions may be made at any time – including birthdays and other celebrations at which the child would receive gifts – and may be made by anyone. Fund assets are invested, and returns are reinvested until assets total $10,000.
Once the assets of the Young Philanthropist’s Fund total $10,000, a portion of the fund’s assets becomes available for distribution on an annual basis. The child recommends, with an adult’s help until age 18, charitable organizations to receive grants using 50 percent of their fund’s annual spending policy. These grants may be made to any 501(c)(3) organization which reflects the child’s goals and interests. The remaining 50 percent of the allowed annual spending policy is made available to the Women’s Fund’s Grants Committee to fund grants benefiting women and girls in the Fox Valley community.
Contact us for more information about how you can honor a child in your life with a Young Philanthropist’s Fund.