CCM has established two endowment funds, in partnership with Foundation for the Carolinas:
The Legacy Fund: A quasi-endowed gift fund that operates like an Endowed Gift Fund, such that an annual spendable income is calculated and available for distribution. However, unlike the Endowed Gift Fund, the entire balance may be made available for distribution if needs arise. Allocating gifts to this fund provides continuing support for the charitable purposes of CCM while maintaining the flexibility for the organization to react to current needs or situations as they arise.
The Permanently Endowed Fund: A permanent gift fund that’s assets are held irrevocably by the Foundation for the Carolinas and are managed to accomplish the identified charitable purposes. Endowed Gift Funds are designed to be preserved in perpetuity, so only the annual spendable income is available for distribution.
