What is a Fund?
A fund is a separate trust with its own donors and philanthropic purpose. The funds held by the Western Kansas Community Foundation are invested and managed by the Finance Committee of our host Foundation, the Western Kansas Community Foundation, and a professional investment manager. The Finance Committee and investment manager adhere to an Investment Policy that is regularly updated to account for current market situations and ensure prudent investment of funds. Solid and responsible investment strategies assure donors of the security of their funds.
Income earned from the investment of Wichita County funds is returned to the community through the WCCF’s annual grant proposal process in the form of grants awarded to nonprofit organizations serving residents in Wichita County. In addition, grants are made through donor advised funds set up to benefit charitable causes.
The Wichita County Community Foundation has several types of funds under our administration. Funds within these major types may be permanent endowments, in which a portion of the earnings are distributed to the community and the principle is never touched, ensuring that distributions will be made according to the donors’ wishes in perpetuity. Funds may also be non-permanent and all of the assets may be distributed for charitable causes until the fund is depleted.
A list of finance committee members, the WKCF’s investment managers, and fee charges are available to the public upon request.