Range Development Endowment

HomeRange Development Endowment

Range Development Endowment (FR16460)

As coaches are critical to youth shooting sports, so too is a place to shoot.  The Range Development Endowment is meant to help fill that need by encouraging existing ranges to allow for more youth-oriented shooting activities through improvements or expansions.  Grants from the Range Development Endowment shall be limited to one per recipient annually. Grants are authorized to fund improvements or expansions of existing ranges that enhance and grow the number of youth participating in the shooting sports. Funds cannot be used to buy land or fund the costs of establishing a new range facility. This is not to say that funds cannot be used to create an addition to an already existing range. Grants must be limited to no more than 50% of the total cost of the expansion not to exceed $75,000.

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Donations

MidwayUSA Foundation is a qualified public charity, exempt from Federal and State income tax under Section 501(c)(3) of the Internal Revenue Code. Donations are tax-deductible under Section 170 of the Code. Donations made to the Range Development Endowment (FR16460) are restricted and the property of the MidwayUSA Foundation, under the control of the Board of Directors. Please see specific information related to contributions in our donation policy at https://www.midwayusafoundation.org/policies/.  Donations to the Range Development Endowment do not qualify for matching funds.

The MidwayUSA Foundation does not charge any fees for endowment account donations. Therefore, the Foundation credits 100% of each donation to the selected fund.

Grants

This endowment is restricted and will award competitive grants, when they are sufficiently funded, based upon criteria set by Larry and Brenda Potterfield and approved by the MidwayUSA Foundation Board of Directors. The Board of Directors may award grants from the special-purpose endowments at its discretion, within the criteria set for each fund.

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. Due to fluctuations in the investment market, endowment earnings may be positive or negative.  The MidwayUSA Foundation posts earnings to all endowments quarterly.