The Nashwauk Area Endowment Fund is a community-based fund that provides discretionary grants to projects and initiatives in the Nashwauk area to improve the quality of life for the people in the area. This fund provides grants to 501(c)(3) and other not-for-profit organizations in the Nashwauk, Nashwauk Township, Buck Lake, Pengilly and Swan Lake areas.
In the year 2000, the fund began with an initial donation of $15,000 by Marion Kumpula, a long-time Nashwauk resident who believed in giving back to the community. Since then over 250 donors with passions similar to Marion’s have made nearly one-thousand individual gifts. The present value of the Nashwauk Area Endowment Fund is $488,000. The investment earnings on the endowed fund have allowed the Nashwauk Area Endowment Fund to distribute over $130,000 back into our community.
The Grand Rapids Area Community Foundation is the financial managing agent for the Nashwauk Area Endowment Fund.
Grant Cycle happens annually from July 15 through September 15 with grants being awarded in November.
Come and learn more about the Nashwauk Area Endowment Fund at the Nashwauk Home Show on April 7th and 8th.
Be on the lookout for information about the NAEF Annual Legacy Dinner!
See how Nashwauk Area Endowment Fund is connected to Grand Rapids Area Community Foundation