The Carman Area Foundation is excited to announce that a new endowment fund has been established. The new Fund, the Dane Nicolajsen Fund, has been established by Jeff and Joyce Nicolajsen and family of Sperling, in memory of their son and brother Dane.
This fund was created as a donor advised fund, a type of endowment fund that allows the donor to determine how the annual grants from the fund are allocated.
The family was looking for a way to support the community on a long term basis in Dane’s memory and felt a ‘donor advised’ endowment fund seemed to fit the bill. They liked the option of participation in the granting process; they have a say in what applications they think Dane would have supported. The Fund has been designed to support youth and youth related projects, within the area that the Foundation serves. This Fund is the second major donor advised fund of the Foundation, the other being the Linear Grain Fund.
A spokesperson for the family stated: “We are excited to see more and more people recognizing donor advised funds as a possibility. It opens doors of communication between fund donors and the CAF Board. Dane’s family was looking for a way to have his memory remembered for years to come and this donor advised fund seemed to fit the bill. They liked the option of participation in the granting process; they have a say in what applications they think Dane would have supported.”
The CAF grants annually to charitable organizations throughout the community.