In addition to the list of thirty Permanent Endowment Funds managed by the Sterling Heights Area Community Foundation, we also manage an additional fund for scholarships that is not permanently endowed:
Chrysler Foundation Scholarship For City residents pursuing a technical vocation.
Organizations and individuals interested in leaving a lasting legacy may establish a Permanent Endowment Fund with our Foundation for a $5,000.00 minimum contribution.You may name the Fund and determine where the earnings be contributed (scholarships, cultural activities, parks and recreation, etc.) We also offer a “Build a Legacy” program where an individual may contribute $1,000 per year for five years to build a new Permanent Endowment Fund which is formally established once the $5,000 minimum threshold is achieved.The funds are invested in the interim, along with other Foundation funds, to help build the new Permanent Endowment.
All Permanent Endowment Funds are perpetual, in accordance with the I.R.S. 501 (c ) (3) rules which the Foundation abides by.The principal of each Fund is never touched and only the interest and earnings of any of the Permanent Endowment Funds are contributed to each named cause.The Funds are established to benefit the causes dear to each donor in the name of their choosing forever.
To make a donation or for more information, please contact the Community Foundation at 586-446-2470.