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Ways To Give

Designated Fund

Designated Funds

Edwin & Bernice Lock established a designated fund in their name in order to support the building of the Edwin & Bernice Lock Performing Arts Center. Funds remain in order to support ongoing operations and maintenance costs.

 

A designated fund makes it easy for you to support the causes and organizations that you are passionate about.  Funds can be used for general operations or for a specific program(s).  The donor will select the specific nonprofit organizations at the time the fund is started as well as determine the frequency of the donation.


Why Open a Designated Fund at the Merrick Foundation?

1) Donate on your timeline: We accept a variety of asset types, in addition to being able to donate monthly, quarterly or on a timeline of your choice.

2) Tax Savings: You are immediately eligible for a tax deduction with your contribution to a designated fund. Required minimum distributions can also be rolled over to the Merrick Foundation via a qualified charitable distribution.

3) Leverage Expertise: We manage the fund, along with our team of professional investors, so you enjoy the benefits of giving without the daily, weekly or monthly hassle of managing it.

4) Local Support: You are investing in and helping our community now and into the future.

5) You choose the charity(ies).  When the fund agreement is set-up, you can determine which non-profit organizations will receive routine distributions from your fund now and into the future.  All of the details are the donor's choice:  the frequency, the amount and who will benefit.


 

Our Impact

  • Community Grants Awarded

    $222716

  • Scholarships Awarded

    $140425

  • Students Impacted

    175

  • Total Funds Distributed

    $2495053

  • Funds Managed for Others

    $1725094

© 2019 Merrick Foundation

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