NWACF Secures More Endowments

The Northwest Arkansas Community Foundation in August landed four more endowments that total $406,000. Madison County’s Ozark Natural Science Center on May 24 became the first nonprofit agency to have a co-mingled endowment with the NWACF’s family of funds. It was $10,000.

The funds include transfers of existing nonprofit endowments from the Bella Vista Courtesy Van and Single Parent Scholarship Fund of Benton County plus two new funds placed into the Horizon Society.

The newer funds, one established by the Botanical Gardens Society of the Ozarks and the other as a donor-advised family fund, allow for individuals or agencies to build their endowments to either $10,000 as an agency endowment or $25,000 as a donor-advised fund.

NWACF, based in Springdale, has a $150 million coffer, which generates a 10-year return of about 15-16 percent.

NWACF was founded in 1998 as the Community Foundation of Bentonville/Bella Vista. In November 1999, its purpose was expanded to include all of Northwest Arkansas and to serve as the lead public foundation operated in connection with CommunityCare Foundation Inc.