Community Foundation of White County

There’s always something happening at your community foundation – and we’re always delighted to share good news about our wonderful community!

  • Leslie Goss

Slow and Steady...

You remember the story of the tortoise and the hare, right?

In their race, the overly confident hare spends lots of time running around acting silly,

creating and giving into distractions, knowing there’s no way the slow tortoise could ever beat him. The fable’s ending, however, reveals a different truth.

I’m pleased to tell you that your Community Foundation of White County is more the

“slow and steady” sort.

When donors choose to invest in their community’s future through the community

foundation, we honor their commitment with sound investment and disbursement policies

designed to protect their investment for the long term…forever, actually.

CFWC now administers over 100 separate endowment funds created by donors who care

about this community and want to see it grow and thrive, through good times and bad. Through prudent investment policies, these funds will continue to generate annual disbursements to fulfill the donor’s original intent, even long after the donor has died.

Community foundation assets are managed by an astute finance committee at The

Community Foundation of Greater Lafayette (of which we are a grateful affiliate), together with a hired investment firm. A mixed portfolio of investments is designed to stay ahead of inflation, both protect and grow assets over the long-term, and provide for annual disbursements (grants) from donor funds. We do not invest in hedge funds or wildly speculative financial ventures. We are always mindful of our finances, but we do not allow distractions to pull us off course. We’re handling assets generously shared by our donors for benefit of the community, and we always will do everything we can do honor their trust.

Currently, the Foundation’s disbursement rate is 4.50% of a fund’s 3-year trailing

average. This long-term view means that, for example, a 2008-type plunge in the stock market – or the uncertainty now being caused by COVID-19 – doesn’t cancel disbursements from our funds. Though a fund’s 3-year average may go down, a sudden drop in the market does not cancel a fund’s available disbursement, as it could if we only used a 1-year basis.

Conversely, when the market goes way up, we don’t go crazy and increase the

disbursement rate just because there’s more money in the fund. The fund adds the positive

market earnings, increasing the 3-year trailing average base figure, which gradually increases the disbursement grant amount available from the fund.

And so it goes, year after year. Slow and steady. Always honoring our donor’s original

intent and managing their gift in a way that will continue its legacy 25 and 50 years from now.

1 view0 comments

Recent Posts

See All

Turning The Page

Long before 2020 ended, people were heralding its end. It seemed that everyone was ready to turn the page and open Chapter 2021, hoping some of the uncertainties that consumed much of Chapter 2020 wou

Whatever You Do...

Several years ago, I received a gift that remains very special to me. It is a small stone plaque engraved with the words “Whatever you do, do with all your heart.” A simple stone, with simple words. A

It's a New Year: Let's Get Organized!

As one year ends and the new one begins, one often hears, “So, what’s your New Year’s resolution?” Let’s be truthful. Despite our best intentions, many of them fall by the wayside – even some of the i

  • Facebook - Black Circle

Location:  1001 Airport Rd.
Mailing address: P.O. Box 1154
Monticello, Indiana 47960






Community Foundation of White County © 2019 - All Rights Reserved