Endowment Funds

An endowment is a permanent fund of support for a specific purpose. The principal of your gift is invested, allowing you to build a strong foundation for your area of interest. Annual investment earnings of the endowment support the specified purpose.

Advantages of a CREATE Foundation Endowment Fund

Confidence of major donors in giving to an organization with financial strength, stability, and a well-planned investment strategy.

  • Releases the organization from fiduciary responsibilities and investment decisions.
  • Participation in a large endowment pool which should increase investment performance and lower investment costs.
  • Assistance in developing a marketing plan for growing the endowment.
  • Assistance in marketing the endowment through CREATE publications and website.
  • Assistance in working with organization donors in evaluating charitable giving options.

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Author Elaine Dundy came to Tupelo in 1981 to research her book, Elvis & Gladys. Roy Turner, a local Elvis historian, assisted Dundy in her research. The two formed lasting friendship. She said she wanted to givesomething back to the community that helped saved her life. Upon her death, Turner set up the Elaine Dundy & Roy Turner Endowment for the Arts that supports the arts in Tupelo.

Frequently Asked Questions

Why should I consider establishing an endowment fund?

Establishing an endowment is a present and future investment. By establishing an endowment, benefits will be provided generation after generation for your specific area of interest as the endowed gifts keep giving over time. Many donors establish an endowment to have the opportunity to honor a loved one, colleague or mentor with a permanent reminder of their life and example.

How is an Endowment Supported?

Several assets can support endowments including, but not limited, to cash, stock gifts and property.

How are endowed fund distributions made?

After endowing your fund, you may establish your own criteria for the distributions of the annual investment earnings. The rate of the spendable income is determined by the CREATE Foundation Board of Directors. This rate is a percentage of the endowment principal balance (currently 4% of the average fund balance for the twelve preceding quarters or since inception).

What administrative support is available for an endowment?

All gifts are tax deductible as allowed by law and donors will receive a receipt for the amount of their gift to the endowment. Endowment’s advisors are provided with a quarterly financial statement detailing contributions, disbursements, fees, gains, losses and interest accrued during the quarter. Our administrative staff provides support during your grant making process to ensure that all procedures and guidelines are followed properly.

How can I establish an endowment?

A donor can begin an endowment by simply signing a CREATE Foundation Endowment Fund agreement and contributing a gift valuing at least $5,000.

For further information contact:

Juanita Gambrell Floyd

Vice-President of Finance & Administration

Email: juanita@createfoundation.com

P.O. Box 1053, Tupelo, MS 38802

Phone: 662.844.8989

toyota fund

The $50 million Toyota Wellspring Education Endowment Fund is for the benefit of students and educators in Pontotoc, Union, and Lee Counties. The purpose of the endowment fund is to help raise the education level of the region by providing opportunities for growth and enrichment. Dual enrollment classes that provide hands-on experience for students in healthcare, app development, aviation and other careers are just one of the current initiatives supported by the fund. The classes are offered online at high schools in Lee, Pontotoc, and Union Counties and at various onsite training venues. These career training classes offer students the opportunity to learn outside the regular classroom while gaining valuable career guidance and college credit hours.

 

ENDOWMENT FUNDS

  • AGAPE HEALTH SERVICES ENDOWMENT FUND
  • ALBERT HORN AND FAHOMA CRUMBY HORN ENDOWMENT
  • ALICE LITTLE ENDOWMENT FUND
  • ALICE LYNN ROEBUCK ENDOWMENT FOR UNITED WAY
  • AMERICAN LEGION POST 49 ENDOWMENT FUND
  • ANN R. KIMBERLINE ENDOWMENT FUND
  • ARLAND A. AND GRACE DIRLAM ENDOWMENT FUND
  • BENJAMIN AND CORINNE PIERCE FOUNDATION ENDOWMENT FUND
  • BETH MCAULEY MUSIC ENDOWMENT FUND
  • BOOTH FAMILY ENDOWMENT FUND
  • BOYS AND GIRLS CLUBS – OXFORD FACILITY FUND ENDOWMENT FUND
  • BROTHER MIKE MARECLE ENDOWMENT FUND
  • BRYAN YOUTH CENTER ENDOWMENT FUND
  • CALHOUN COUNTY ENDOWMENT FUND
  • CAROLINE BRYAN HARRELL EDUCATION ENDOWMENT FUND
  • CASEY SPRADLING MEMORIAL ENDOWMENT FUND
  • CDF/ LEHMAN LEADERSHIP FUND
  • COCA-COLA LEGACY FOUNDATION
  • COLUMBUS LOWNDES COMMUNITY FOUNDATION ENDOWMENT
  • CREATE UNRESTRICTED FUND ENDOWMENT
  • DOORS OF HOPE TRANSITION MINISTRIES ENDOWMENT FUND
  • DUDLEY WEATHERS ENDOWMENT FUND
  • ED AND BECKY MEEK ENDOWMENT FUND
  • ELAINE DUNDY AND ROY TURNER ENDOWMENT FOR THE ARTS
  • EMILY WRIGHT HORNE MEMORIAL FUND
  • EVERGREEN DESIGNATED ENDOWMENT FUND
  • FOX FOUNDATION ENDOWMENT FUND
  • HARRY AND ELLEN WALKER ENDOWMENT FUND
  • HARRY LEE WILLIAMS, SR. ENDOWMENT FUND
  • HHS MEMORIAL PLAZA ENDOWMENT FUND
  • INGOMAR ENDOWMENT FOR EXCELLENCE
  • INNOVATIONS IN EDUCATION ENDOWMENT FUND
  • INTERFAITH COMPASSION MINISTRY ENDOWMENT FUND
  • JACK REED, SR. COMMUNITY LEADERSHIP ENDOWMENT FUND
  • JAMES HUGH RAY MEMORIAL ENDOWMENT FUND
  • JIM CRAIG ENDOWMENT FUND
  • JOHN AND JANET MATTHEWS ENDOWMENT FUND
  • JOHN PAUL FRERER MEMORIAL ENDOWMENT FUND
  • JOHN ROBERT ARNOLD ENDOWMENT FUND
  • JOHNNY MORGAN FOUNDATION ENDOWMENT FUND
  • JOYNER FAMILY ENDOWMENT FUND
  • KENNETH AND NANCY ANN WILLIAMS ENDOWMENT FUND
  • L.Q.C. LAMAR ENDOWMENT FUND
  • LEE COUNTY LIBRARY BERRY ENDOWMENT FUND
  • LEE COUNTY LIBRARY ENDOWMENT FUND
  • LEE COUNTY LIBRARY HELEN FOSTER ENDOWMENT FUND
  • LEE COUNTY LIBRARY WALKER-MCGILL ENDOWMENT FUND
  • LQC LAMAR HOUSE ENDOWMENT FUND
  • M. GLEN AND LORA H. DAVIDSON SCHOLARSHIP ENDOWMENT FUND
  • MARCHBANKS FAMILY TRUST ENDOWMENT FUND
  • MEGAPOP ENDOWMENT FUND
  • MISSISSIPPI ACADEMY OF FAMILY PHYSICIANS FOUNDATION
  • MISSISSIPPI HEART ENDOWMENT FUND
  • MIZE FAMILY ENDOWMENT FUND
  • MONROE EDUCATION ENDOWMENT FUND
  • MORGAN DALE ROEBUCK MEMORIAL ENDOWMENT FOR SALVATION ARMY
  • MR. AND MRS. O.T. RAY ENDOWMENT FUND – FIRST BAPTIST CHURCH OF PONTOTOC
  • NATIONAL CTR FOR COMPUTATIONAL HYDROSCIENCE AND ENGINEERING ENDOWMENT
  • NE MS COMMUNITY COLLEGE TUITION GUARANTEE ENDOWMENT
  • NORTHEAST MS FOUNDATION FOR PERFORMING ARTS ENDOWMENT FUND
  • NORTHEAST MS REGIONAL COMMUNITY DEVELOPMENT ENDOWMENT FUND
  • OXFORD ENDOWMENT FOR PUBLIC EDUCATION
  • OXFORD FILM FESTIVAL ENDOWMENT FUND
  • PAMELA MASSEY ENDOWMENT FUND FOR THEATRE OXFORD
  • PAT “ROBIN” DOWS ENDOWMENT FUND
  • PIRKLE LIBRARY ENDOWMENT FUND
  • PONTOTOC CITY SCHOOLS ENDOWMENT FOR EXCELLENCE IN EDUCATION
  • PUSHMATAHA AREA COUNCIL BSA ENDOWMENT FUND
  • REED FAMILY TRUST FUND
  • RJ WILEMON FOUNDATION ENDOWMENT FUND
  • ROBERT REED SPIRIT ENDOWMENT FUND
  • ROWLAND JOYNER LEARNING SKILLS ENDOWMENT
  • RUTH AND CLAUDE ROEBUCK ENDOWMENT FOR SALTILLO FIRST UNITED METHODIST CHURCH
  • SALLY KATE WINTERS FAMILY SERVICES ENDOWMENT FUND
  • SARA FRANCES MITCHELL EDUCATIONAL ENDOWMENT FUND
  • SHOCKWAVE AQUATICS COMMUNITY ENDOWMENT
  • SPECIAL MISSIONS ENDOWMENT FUND (FPC CORINTH)
  • SUSAN N. AND THOMAS J. MCDONALD ENDOWMENT FOR THE TUPELO SYMPHONY ORCHESTRA
  • TAMERA WALDROP “TOP DAWN” MEMORIAL SCHOLARSHIP FUND
  • TCPS ACADEMIC CENTER FOR EXCELLENCE ENDOWMENT FUND
  • THE BERNICE GAMBRELL ENDOWMENT FUND
  • THE DEAN PROVENCE ENDOWMENT FOR EXCELLENCE IN EDUCATION
  • THE MATT FUND
  • TOMMY TOSH MEMORIAL ENDOWMENT FUND
  • TOYOTA WELLSPRING EDUCATION ENDOWMENT FUND
  • TUPELO PUBLIC SCHOOL DISTRICT ENDOWMENT FUND
  • VIRGINIA H. CHRESTMAN MEMORIAL FUND FOR THE CITY OF OXFORD
  • WEITZENHOFFER MEMORIAL ENDOWMENT FUND
  • WEST POINT COMMUNITY FOUNDATION ENDOWMENT FUND
  • WEST POINT COMMUNITY FOUNDATION SPECIAL PROJECTS ENDOWMENT FUND
  • WEST UNION ENDOWMENT FOR PUBLIC EDUCATION
  • WHITFIELD LEADERSHIP FUND
  • WOOD COLLEGE INC. ENDOWMENT FUND