In December 2014, Homeward Bound Pets started an endowment fund in partnership with the McMinnville Area Community Foundation (MACF).
An endowed fund is an investment account where the principal forever remains intact, but annual distributions are sent to the organization to use as desired to further its mission.
The MACF generously offers its organizational structure and fund management services to local non-profit organizations that would be unable to start an endowment fund on their own. Association with MACF provides HBPets a larger pool of endowed funds, greater diversification of investments and professional investment managers at Headwater Investment Consulting of McMinnville to oversee our endowment fund.
Homeward Bound Pets benefits from an endowment fund as it will:
- Provide a permanent source of predictable operational income from yearly distributions that will increase as the fund grows
- Provide a means to solicit gifts and bequests that assures donors their donations will serve HBPets in perpetuity
- Provide financial stability to an organization dependent solely on donations
- Help assure the future existence of HBPets as an organization
Consider becoming a shareholder in our vision for the future of Homeward Bound Pets with a designated donation to our endowment fund. For further information, please contact Dawn Vyette Witt at 971-237-1604.
McMinnville Area Community Foundation Board:
Dave Haugeberg, Attorney, Board President
Diane Haugeberg, Tax Attorney
Steve Fitzpatrick, CPA
Scott Chambers, Financial Advisor, Headwater Investment Consulting
Bruce Wyatt, Retired Linfield College Vice PresidentFundraising
Rene’ Bittle, Executive VP and Chief Savings Officer, First Federal Savings and Loan