The Fox Lake Preservation Organization board is excited to share with everyone that we have partnered with the Fond du Lac Area Foundation to create an FLPO endowment fund! You might be asking yourself, "What is an endowment fund, and how will this help Fox Lake?" so here are some faqs:
What is an endowment fund? An endowment fund is a permanent, self-sustaining source of funding. Endowment assets are invested, and each year, a portion of the fund's earnings is paid out to the FLPO to enhance Fox Lake.
How does the fund grow? The fund grows by donations made to the fund, which are tax-deductible! Suppose you have a Required Minimum Disbursement (RMD) from your retirement account. In that case, you can turn that into a Qualified Charitable Distribution (QCD) with a donation to the FLPO Fund. (consult a tax professional about how a donation may impact you.)
Can the donations to the fund ever be spent? Only the earnings from the fund can be used, which makes this a "generational" type donation to enhancing & improving Fox Lake. For example, when the fund gets to $100,000, the FLPO would get approximately $4,000 each year from the fund's earnings, and the $100,000 stays in the fund. As the fund grows, the money the FLPO would receive each year gets larger!
How can I donate? To donate by mail, send a check made payable to the Fond du Lac Area Foundation with "FLPO" on the memo line to:
Scan or click the QR code to learn more or donate online. |  |
We hope our members are excited to see that the FLPO board is planning for the future to ensure we have the funds to continue enhancing Fox Lake for years to come!