The 1842 Fund is the Foundation’s endowed fund, named in honor of the year in which Neosho saw its first public school. Set up by the Foundation in 2011, gifts to this fund remain with the Foundation forever, and only the interest and income from those gifts can be used to fund the Foundation’s projects and grants. An endowed gift–meaning the principal remains intact while a certain percentage of the interest and income on that gift is distributed each year–can make a difference forever for students, teachers, and faculty.
Currently, our resolution calls for no spending of any income from gifts until the principal balance reaches $250,000.00. Donors can specify that their gifts be made to The 1842 Fund, rather than the general fund. In addition, donors can become a member of the Fund’s Legacy Society, by designating the Fund as a beneficiary in their estate plan or will, or making a planned gift to the Fund during his or her lifetime.
The Foundation has partnered with the Community Foundation of the Ozarks for the professional management and administration of this Fund, which has a proven track record in this regard, since 1973.
Several community businesses and individuals have chosen to support the creation of The 1842 Fund with a generous donation of $10,000 or more, and have therefore earned the designation of Founding Partners in Education:
Branco Enterprises, Inc.
Mr. Fred Clark
Freeman Neosho Hospital and Neosho Physicians Group
Jeff and Kim Haas
McDonald’s of Neosho and Phil and Johannah Close
Dallas and Carolyn Kelly
Dr. Roy and Ann Shaver
For more information about becoming a Founding Partner in Education, or donating to the Fund, please contact us!
To make a donation to the 1842 Fund, in any amount, Click Here. Be sure to specify that you are donating to The 1842 Fund in the dropdown menu.