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Non-Permanent Funds - Advised Funds

The Fund Advisor (one or more persons or an advisory committee) recommends grants from an advised fund to charitable organizations or projects.

Individuals, families, and businesses may be interested in a Advised Fund when they:

• Wish to create a named fund to honor or memorialize an individual, family, or business;
  
• Considered creating a family or business “foundation,” but want to avoid the costs, regulations, minimum distribution rules, excise taxes, and administrative costs of private foundations;
  
• Want to be able to vary the charities they support as years go by;
  
• Want to involve succeeding generations of the family or business;
  
• Want to make large charitable gifts before the end of the tax year, but need time to explore or clarify their philanthropic dreams or the best ways to accomplish them with no requirements as to the amount or timing of distributions from the fund;
  
• Want to make contributions to a charitable holding account and later transfer those contributions to other funds held by the Foundation or directly to charities;
  
• Want to consider requests for funding made to the Community Foundation in their particular areas of interest and to benefit from the counsel of Foundation staff regarding current charitable needs and programs.

The Kosciusko County Community Foundation, Inc. Advised Funds include:

Be a Light Upon My Path Fund

Established through a gift of stock from an anonymous donor for the purpose of supporting charitable projects impacting people living and working in and around Kosciusko County and throughout the United States.

The Neal M. Carlson and Joy M. Carlson Advised Charitable Fund
Neal and Joy Carlson established this non-permanent fund through a gift of stock. The purpose of the fund is to provide support to charitable organizations or for charitable purposes as recommended by the Carlsons and as approved by the Community Foundation’s Board of Directors. Mr. Carlson served as the Community Foundation’s first Executive Director.

Condon Family Foundation
Established by the Condon Family as an advised fund to allow Mr. and Mrs. Condon and their children to make a positive impact through grants to charitable organizations and projects that are meaningful to them. Mr. Robert Condon currently serves as the Community Foundation's Board President.

Creighton Brothers Charitable Fund
Created to facilitate Creighton Brothers charitable giving program. Grants are recommended by an advisory committee.

H & P Investments Charitable Fund
Established by an anonymous donor to support various Christian efforts and ministries.
International Palace of Sports Foundation, Inc.

Shoop Sports and Youth Foundation Advised Fund
Established by International Shoop Sports and Youth Foundation Advised Fund to improve the quality of life of the citizens of North Webster and/or Tippecanoe Township. This fund will provide a source of funds and support for the creation and/or maintenance of the public library, public parks and educational services and activities.

Kosciusko County Community Foundation, Inc. Charitable Endeavors Fund
Donors may make gifts and recommend grants for charitable projects in our county through this fund.

The Kosciusko REMC Operation Round Up Program Fund
Kosciusko REMC’s Operation Round Up is an ongoing program whose mission is to benefit worthwhile community programs. Participating members of REMC agree to have their monthly electric bills rounded up to the nearest dollar. The cents generated by this process are deposited into the Kosciusko REMC Operation Round Up Fund, which is a non-permanent fund held at the Community Foundation. An advisory committee makes recommendations to the Community Foundation’s Board of Directors about the charitable projects to be funded.

Savina Kralis Charitable Fund

Established by a gift of stock from Savina Kralis to provide support to public charities impacting people living and working in and around Kosciusko County and throughout the United States.

The Frank Levinson Family Foundation Fund
The Frank Levinson Family Foundation Fund was created by Mr. Levinson to provide support to a range of social, educational and scientific projects intended to enrich community life in and around northern Indiana .

The Bill and Ella Male Charitable Fund
Established by the Male family as a means to facilitate their charitable giving and to work together on philanthropic projects for organizations which share their values.

Matthew 28:19 Charitable Fund
Established by Mr. Steven Petty to provide funds to further the cause of Christ and the Great Commission as described in the book of Matthew.

Janet E. Morgan and Lucy A. Morgan Charitable Endowment
Established in 2004 by Betty Morgan to provide support to various charitable organizations within Kosciusko County, Indiana . Janet Morgan and Lucy Morgan serve as advisors for this non-permanent fund.

Professional Advisors Fund
Established by Wes Miller and contributed to by several other professional advisors to make charitable grants and distributions.