donor designated endowments
We assist in managing funds for organizations with a unique youth shooting sports mission.
A Donor Designated Endowment Account is available to a non-profit organization that meets two key criteria:
- has a program that aligns with MidwayUSA Foundation’s mission
- the Foundation believes it is very beneficial to the future of youth shooting sports within its respective footprint (area of influence).
The four most common questions we receive regarding Donor Designated 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 a Donor Designated Endowment Account.
How to Start a Donor Designated Endowment
An organization must request to open a Donor Designated Endowment Account by contacting Jay McClatchey, Chief Operating Officer (firstname.lastname@example.org). Jay will work with the organization to determine if a Donor Designated Endowment is a good fit. If so, the organization is offered a Donor Designated Endowment Fund Agreement that must be completed, signed, and returned to the Foundation. Once approved the endowment will be created.
The MidwayUSA Foundation does not charge any fees for endowment account donations. Therefore, the Foundation credits 100% of each donation to the Donor Designated Endowment Account.
NEW IN 2019!
Our Donor Designated Endowments now have a Matching Program to match donations made to their organizational endowments. For the year, we have $150,000 in general matching funds, personally donated by Larry and Brenda Potterfield. These matching funds will be available for both Agency and Donor Designated Endowments. At the end of 2019, we will determine the ratio of the match based on total contributions to all Agency and Donor Designated endowments. Any organization receiving a donation to their endowment, this year, will be eligible to receive a match.
For Example: If we receive $200,000 in contributions, cumulatively for Agency and Donor Designated endowments, every dollar will receive a $.75 match.
Watch for details about our team engagement matching program that will provide additional funds for organizations helping us to fund more youth shooting teams.
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 Donor Designated accounts receive quarterly statements.
Donor Designated Cash Grants
Sustainable funding provided through annual cash grants from a Donor Designated Endowment is intended to benefit the organization’s youth shooting program(s) and activities. The organization must limit grant expenditures to costs directly beneficial to the organization’s youth shooting program(s) and activities, and within the guidelines set forth in the Donor Designated Endowment Fund Agreement.
Donor Designated Endowment Accounts have individual grant cycles that do not align with the two Team grant cycles. The MidwayUSA Foundation will notify each organization via email when it is eligible for a grant. The first grant application is sent the month after the account has been funded for one full year, and then annually thereafter. The Foundation will pay a Donor Designated cash grant the month after the grant application was issued, if the organization completes and returns all paperwork in a timely manner. The Foundation starts the grant cycle “clock” for each endowment the first of the month following receipt of the first donation.
The maximum annual grant is 5% of the Donor Designated Endowment’s average monthly balance over the most recent 12 months. Included with each grant application email are a cover letter, grant request form, account statement, direct deposit form, and an impact report form. The organization must complete the grant request and other forms and return them along with all requested documentation to receive a grant.
An organization may change its annual grant cycle to better suit its business needs. To change an organization’s grant cycle, you must contact the MidwayUSA Foundation and request a new grant date that is at least 13 months past the most recent grant.
click on the endowment to review or donate
- Houston Safari Club Foundation
- Amateur Trapshooting Association
- Cameron County Outdoor Youth Fund
- Dallas Ecological Foundation
- Missouri 4-H Foundation
- Nebraska Trapshooting Association Youth Fund
- North Dakota Shooting Sports Association
- Ohio State Trapshooting Foundation
- Pennsylvania State Shotgunning Association
- PF & QF Shooting Sports Fund
- PR&PA Youth Shooting Sports Fund
- USA Shooting Youth Programs
- Wild Sheep Foundation