Next Generation Fund
Next Generation – making a difference for tomorrow right now.
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Next Generation members donated household items to Habitat for Humanity. |
What is the Next Generation Fund?
A charitable endowment fund to promote long-term philanthropy by involving a group of twenty-something to forty-something community leaders interested in improving the quality of life for citizens of Gaston County.
Who is sponsoring this Fund? - The Community Foundation sponsors this fund and initially provided matching monies to help build the fund for larger grant-making capacity.
Where does the membership contribution go? - Donations become part of an unrestricted endowment, the Next Generation Fund, and are pooled with other Foundation assets. As the fund grows, a portion of investment return will be used for grant making. The principal will be preserved and the fund will grow through investment appreciation.
Who manages the money? - The Community Foundation manages all funds with direction from its Investment Committee and Board of Directors. Pooled assets of the Foundation are managed through a diversified mix of high quality stock and bond portfolios.
Who decides what grants will be made from the Fund? - A grant making committee of Next Generation Fund participants will make recommendations to the Foundation Board for the distribution of grants based on suggestions and input from the Next Generation Fund members. Fund members will have opportunities to learn about grant making processes through seminars sponsored by the Foundation.