Did you know you can start an endowment fund with as little as $1,000 dollars a year?

An Acorn fund, inspired by the metaphor of a seedling growing into a mighty oak tree, provides donors with the opportunity to establish an endowment fund over time. This approach allows donors to gradually build up their fund while honoring someone special in their lives. The fund operates on the principle of manageable increments, enabling donors to contribute money slowly over a period of time. This method holds significance as it allows friends and family to pay tribute to the individual for whom the fund was established or celebrate the passion of the donor supporting a particular cause.

The endowment fund, created through the Acorn fund program, offers several benefits:

Honoring Loved Ones: Donors can establish the fund in honor of someone they cherish, keeping their legacy alive.

Celebrating Donors: Alternatively, donors passionate about a specific cause can be celebrated for their commitment and dedication.

Gift Suggestions: Instead of traditional gifts for occasions like birthdays, Christmas, or weddings, donors can suggest contributions to their Acorn fund. This practice accelerates the growth of the fund.

To initiate an Acorn fund, donors are encouraged to make a minimum contribution of $10,000 over 10 years. The Scioto Foundation works closely with donors to create a detailed plan tailored to their charitable objectives. Whether donors prefer to make annual contributions or set up monthly payments, the foundation assists in meeting their philanthropic needs.

Once the donations are received, the money is invested to generate returns. These returns not only sustain the fund but also allow it to grow, ensuring a permanent legacy. The Acorn endowment model exemplifies the concept of patient capital, where the long-term growth of the fund is prioritized, enabling it to support charitable causes effectively in the future.

More information about establishing a fund at the Scioto Foundation may be obtained by contacting Kim Cutlip, Executive Director, or Patty Tennant, Program Officer for Donor Services, at the Scioto Foundation, (740) 354-4612.

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