Heartspring manages many different types of charitable funds for individuals. Below is a list of the most common fund types for individuals to use, along with a brief description of each. If you have questions about any of our funds, please do not hesitate to contact us for more information.
Permanent Fund – Designated
A permanent fund for the benefit of a specific church or agency. This fund may impose restrictions.
Permanent Fund – Ministry
A permanent fund for a specific cause or ministry focus, which is not designated to a specific church or agency. The donor may make grant recommendations and should establish a successor advisor or designate grant making to the Foundation’s Board of Trustees. This fund may impose restrictions.
Permanent Fund – Scholarship
A permanent fund to provide scholarships to students pursuing particular careers. The donor will establish scholarship parameters and designate a scholarship committee to select recipients. This fund may impose restrictions.
Heartspring Methodist Endowment
An unrestricted gift to Heartspring Methodist Foundation Grant Fund. The Foundation’s Board of Trustees will award the grants.
Unrestricted – Operating
A fund established with no restrictions as to use of principal or interest.