agency endowments
We help organizations with similar missions build financial stability too.
An Agency Endowment is available to a non-profit organization that meets two key criteria:
- has a mission that aligns with MidwayUSA Foundation’s mission
- the Foundation believes it is beneficial to the future of youth shooting sports within its respective footprint (area of influence)
The four most common questions we receive regarding Agency Endowment Accounts are about how to start one, donations, investment earnings, and grants. Below is information on those topics and we welcome any additional questions you may have regarding an Agency Endowment Account.
How to Start an Agency Endowment
An organization must request to open an Agency Endowment Account by contacting us. We will work with the organization to determine if an Agency Endowment is a good fit. If so, the organization is offered an Agency Endowment Fund Agreement that must be completed, signed, and returned to the Foundation. Once approved, the endowment will be created.
Endowment Donations
The MidwayUSA Foundation does not charge any fees for endowment account donations. Therefore, the Foundation credits 100% of each donation to the Agency Endowment.
Investment Earnings
The MidwayUSA Foundation Board of Directors takes its fiduciary responsibility very seriously and has developed a robust investment portfolio, focused on long-term growth, with world-class guidance from Goldman Sachs. The Foundation does not currently charge any fees. Therefore, MidwayUSA Foundation endowment accounts receive 100% of the investment earnings made by the Foundation. Due to fluctuations in the investment market, account earnings may be positive or negative. The MidwayUSA Foundation posts earnings to all endowment accounts quarterly and Agency accounts receive quarterly statements.
Agency Cash Grants
Sustainable funding provided through annual cash grants from an Agency Endowment is intended to benefit the organization’s youth shooting program(s) and activities. How the organization can spend grant funds is relatively flexible if all grant expenditures are directly beneficial to the organization’s youth shooting program(s) and activities, and within the guidelines set forth in the Agency Endowment Fund Agreement.
Agencies with a MidwayUSA Foundation endowment balance may apply to receive 5% of their endowment balance once per year, in either June or December. Agencies must have at least $2,000 in their endowment before they can apply for a grant. The maximum annual grant is 5% of the balance of the Agency’s Endowment. The organization must complete the grant application through MidwayUSA Foundation’s online grant system and provide additional documentation, as requested, to receive a cash grant.