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 account for the 12 months preceding the grant application date. Donor Designated endowments do not have fixed grant application dates like teams. The organization may choose the month, which best suits its funding needs,https://www.midwayusafoundation.org/wp-content/uploads/2019/01/MidwayUSA-Foundation-Transparency-Accounting-1-1.pdf to receive its annual Donor Designated cash grant. The MidwayUSA Foundation financial department will send a Donor Designated grant application to each eligible organization, along with an account statement and calculated grant amount, 30 days before the selected grant month. After satisfactory completion of the grant application and approval by the Executive Director, the grant will be 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.