Agency accounts are for organizations fully dedicated to supporting youth shooting sports.  In other words, 100% of their effort and resources go to youth shooting sports.  Agency grants may be used for general organizational expenses.

Donor Designated accounts are for organizations with a mission other than youth shooting sports, but have a well-defined youth shooting sports program(s).  A good example is a conservation organization like Pheasants Forever (PF) that includes a good youth hunting and shooting program.  MidwayUSA Foundation will not support the broader PF conservation mission, but will support the youth shooting program. Donor Designated grant funds are, therefore, restricted to covering expenses directly related to the youth program(s).  Using Donor Designated grant funds for general organizational expenses is prohibited.

This question requires a two-part answer.  Part 1: The MidwayUSA Foundation does not charge any fees to open an endowment account or on endowment account donations.  There is a $100 minimum donation requirement to open the account.  100% of each donation, including a credit card donation, is credited to the endowment account.  The Foundation absorbs all credit card fees associated with online donations.

Part 2: There is a 1% transfer from every endowment account to MidwayUSA Foundation’s Forever Endowment. The Forever Endowment will enable the MidwayUSA Foundation to operate forever, in support of youth shooting sports teams and programs like yours.  The 1% annual transfer consists of four (4) quarterly transfers of 0.25% each, done on the last day of the quarter before earnings are applied.  For full transparency, all quarterly transfers will be clearly visible on your endowment account statements.

MidwayUSA Foundation is a qualified public charity exempt from Federal and State income tax under Section 501(c)(3) of the Internal Revenue Code.  Donations to all endowment accounts are tax-deductible under Section 170 of the Code.

Matching programs are determined annually.  Please check each program on the MidwayUSA Foundation website for current matching guidelines.

Agency Endowment Program    Donor Designated Endowment Program

Yes.  Agency and Donor Designated endowment accounts have access to all of the fundraising resources and support provided by the Foundation, such as free fundraising products, online donations, and peer-to-peer software.

MidwayUSA Foundation applies earnings to all endowment accounts on a quarterly basis.  100% of earnings received by the Foundation from its investments at Goldman Sachs are distributed pro-rata to all endowment accounts based upon average balance during the quarter.  Due to fluctuations in the investment market, account earnings may be positive or negative.

Agency and Donor Designated endowment accounts are eligible for an annual grant after the account has been funded for one full year, and if the average balance is at least $2,000.  There are four grant cycles (January, April, July, and October) available.  MidwayUSA Foundation will email the grant application, along with a statement that includes the 5% grant amount, to the primary contact on the account. The available grant is 5% of the account’s average balance over the past year.  The Foundation will pay the grant the month after the grant application was issued if your organization completes and returns all paperwork promptly.

MidwayUSA Foundation is a Public Charity, not a bank or financial institution.  All donations to, and funds held in Agency and Donor Designated endowment accounts are unrestricted and the property of the MidwayUSA Foundation.  Therefore, MidwayUSA Foundation endowment accounts are not an asset of your organization and should not be listed on your organization’s balance sheet as an asset.