Create Foundation 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@8wo.800.myftpupload.com

P.O. Box 1053, Tupelo, MS 38802

Phone: 662.844.8989

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
AMORY MUNICIPAL LIBRARY – JAMES VICTOR SMITH AND ELIZABETH LOUIS SMITH ENDOWMENT FUND
AMORY TRI-CENTENNIAL ENDOWMENT FUND
ANDY HEWITT HELPING HANDS FOUNDATION 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 CITY ROTARY CLUB ENDOWMENT FUND
CALHOUN COUNTY ENDOWMENT FUND
CAROLINE BRYAN HARRELL EDUCATION ENDOWMENT FUND
CASEY SPRADLING MEMORIAL ENDOWMENT FUND
CDF/ LEHMAN LEADERSHIP FUND
CHILDREN’S FOUNDATION OF MISSISSIPPI ENDOWMENT FUND
CLAUDE AND GUSSIE ROEBUCK MEMORIAL ENDOWMENT FOR ST. LUKE UNITED METHODIST CHURCH
CLIFFORD M. AND MILDRED S. BROCK SCHOLARSHIP ENDOWMENT FUND
COCA-COLA LEGACY FOUNDATION
COLUMBUS ARTS COUNCIL
COLUMBUS LOWNDES COMMUNITY FOUNDATION ENDOWMENT
COLUMBUS MUNICIPAL SCHOOL DISTRICT
CREATE UNRESTRICTED FUND ENDOWMENT
DOORS OF HOPE TRANSITION MINISTRIES ENDOWMENT FUND
DR. MARSHALL E. HOLLIS’ 4-H SCHOLARSHIP ENDOWMENT FUND
DR. MARSHALL E. HOLLIS RIPLEY FIRST BAPTIST CHURCH CAMP FUND
DR. MARSHALL E. HOLLIS KAMANORO MINISTRIES FOOD FUND
DUDLEY WEATHERS ENDOWMENT FUND
ED AND BECKY MEEK ENDOWMENT FUND
EDWINA WILLIAMS “MOTHER GOOSE” ENDOWED FUND FOR CHILDREN’S LITERACY AND ADVANCEMENT
ELAINE DUNDY AND ROY TURNER ENDOWMENT FOR THE ARTS
EMILY WRIGHT HORNE MEMORIAL FUND
EVERGREEN DESIGNATED ENDOWMENT FUND
FIVE SMOOTH STONES SCHOLARSHIP ENDOWMENT FUND
FIVE SMOOTH STONES SCHOLARSHIP PASS-THROUGH FUND
FOX FOUNDATION ENDOWMENT FUND
FRANKLIN ENDOWMENT FUND
GLEN AND PAIGE EVANS FAMILY ENDOWMENT FUND
HALFWAY HOME ANIMAL SHELTER ENDOWMENT FUND
HARRY AND ELLEN WALKER ENDOWMENT FUND
HARRY LEE WILLIAMS, SR. ENDOWMENT FUND
HENRY MILLER ENDOWMENT FUND
HHS MEMORIAL PLAZA ENDOWMENT FUND
HTN ENDOWMENT FUND
INGOMAR ENDOWMENT FOR EXCELLENCE
INNOVATIONS IN EDUCATION ENDOWMENT FUND
INTERFAITH COMPASSION MINISTRY ENDOWMENT FUND
ITAWAMBA CROSSROADS RANCH 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
LAFAYETTE COUNTY AND OXFORD PUBLIC LIBRARY 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
LEE COUNTY LIBRARY YOUTH ENDOWMENT FUND
LISA MITCHELL GROWING GREEN MEMORIAL SCHOLARSHIP ENDOWMENT FUND
LOVE PACKS 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 ENTOMOLOGICAL ASSOCIATION ENDOWMENT FUND
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
NEWMS ENDOWMENT FUND
NORTHEAST MISSISSIPPI PURCHASING ASSOCIATION SCHOLARSHIP ENDOWMENT FUND
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
PALMER HOME 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
PROVERBS FOUNDATION
PUSHMATAHA AREA COUNCIL BSA ENDOWMENT FUND
RANDY DUNNAM MEMORIAL CANCER ENDOWMENT FUND
REAL FOUNDATION – ROSS AND DIANA WILLIAMS EXCELLENCE IN ATTENDANCE AND LEARNING 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 CORINTH-ALCORN ANIMAL SHELTER FOUNDATION
THE DEAN PROVENCE ENDOWMENT FOR EXCELLENCE IN EDUCATION
THE JUDAH MARSHALL POWELL MEMORIAL ENDOWMENT FUND
THE MATT FUND
TOMMY TOSH MEMORIAL ENDOWMENT FUND
TOYOTA WELLSPRING EDUCATION ENDOWMENT FUND
TUPELO COCA-COLA CHARITABLE FOUNDATION ENDOWMENT FUND
TUPELO PUBLIC SCHOOL DISTRICT ENDOWMENT FUND
VIRGINIA H. CHRESTMAN MEMORIAL FUND FOR THE CITY OF OXFORD
WEITZENHOFFER MEMORIAL ENDOWMENT FUND
WELLSPRING COMMUNITY CHURCH
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