06 Sep Distribution process for Lindsborg/DN Fund to be reviewed at community meeting
The McPherson County Community Foundation (Foundation) plans to host a community meeting on Tuesday, September 25 @ 7 pm in Lindquist Hall, Bethany College to announce the distribution process and this year’s amount available from the Lindsborg/DN Fund.
The Lindsborg/DN Fund was established in 2004 by former resident David J. Nutt. Upon his death in December 2016, Mr. Nutt had specified 50% of the remaining assets in estate were to be added to the fund administered by the Foundation. The amount donated equaled $7.4 million. Because it’s an endowment, grants up to five percent (5%) of the fund’s value will be awarded annually to organizations or projects benefitting the Lindsborg community.
Representatives from the Foundation will be available that evening to describe the granting process and administration procedures for the fund. There will be an opportunity for questions from attendees. The meeting is free of charge and no RSVP is required. For additional information, contact Becky Goss, MCCF President/CEO at 620.245.9070 or toll free 1.866.245.9070. Questions may also be emailed prior to the meeting to firstname.lastname@example.org.