CCCF Pinecone Funds

The Clare County Community Foundation has provided an opportunity for donors to "grow" a fund. Those who wish to establish an endowment fund may arrive at the $5,000 minimum over a five-year period of time.

Donors simply sign a document agreeing to the establishment of a "Pinecone" Endowment Fund. This is a commitment to donate at least $1,000 per year for five years to the Unrestricted Endowment Fund at the Clare County Community Foundation. Upon completing payment of the $5,000 pledge, the Foundation would open an endowment fund for that donor (purposes to be determine by the donor), placing in it the $5,000 which had been contributed to date. Accrued earnings (or losses) would remain in the Unrestricted Endowment Fund.

If for some reason the donor is unable to complete his or her pledge, the dollars donated to that point would remain in the Unrestricted Endowment Fund and the "Pinecone" Endowment Fund agreement would be null and void.

The "Pinecone" Endowment Fund is a seed-bearer, just like the pine cone for which it is named. This is a relatively easy way to "grow" a new endowment fund using tax-advantaged giving to provide a lasting gift to the community.

If you are interested in establishing an endowment fund within the foundation, please give us a call. We look forward to hearing from you!

Current CCCF Pinecone Funds

Charles E. Pardue Endowed Scholarship Pinecone Fund

Harold Walls Clare Public Safety Pinecone Fund

Gary J. Stocking Memorial Endowed Scholarship Pinecone Fund

Contributing to A Pinecone Fund

Due to the nature of this fund, it is not possible to make a donation over the Internet. However, if you are interested in contributing to a Pinecone Fund, please call the Foundation at 989-839-9661.

Last updated on February 2, 2010 7:56am.