donor designated endowments
We assist in managing funds for organizations with a unique youth shooting sports mission.
An organization with a balance in its MidwayUSA Foundation Donor Designated Endowment may receive a grant once per year. The maximum Donor Designated grant is 5% of the average monthly balance of the endowment. The 12 months preceding the grant application date will be used to find the average monthly balance.
Donor Designated endowments do not have fixed grant application dates like teams. The MidwayUSA Foundation financial department will notify the organization about its grant eligibility and the process to apply. Additionally, an account statement and calculated grant amount will be provided. Once a grant application is submitted through the MidwayUSA Foundation’s online grant system and approved by the Executive Director, the cash grant is paid in the selected month.
Grant funds are for direct support of the organization’s youth shooting sports program. MidwayUSA Foundation reserves the right to audit an organization’s use of Donor Designated grant funds.