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COMMUNITY FOUNDATION RAISES PAYOUT RATE

May 27, 2011
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05/31/11  The Marshall County Community Foundation Board of Directors adopted an increase in fund payout rates effective June 30, 2011.  Citing improved returns in fund investments, board members voted at their May meeting to change the spending policy to a minimum of 4% calculated payout for all permanent funds.

The policy change will translate into nearly $200,000 of additional endowment philanthropy dollars being available annually in our local communities.  Over 230 permanent funds at the Marshall County Community Foundation provide support for a wide range of charitable causes including scholarships, community development, health and human services, and arts and culture.   The MCCF website www.marshallcountycf.org contains more details on all existing funds and additional information of public interest through the on-line annual report.

Since 1991, the Marshall County Community Foundation has been a public charity with local roots that helps great ideas take flight through endowment philanthropy.  We are Community-Minded Partners, Trusted Investors, Visionary Thinkers, and Opportunity Connectors.

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