FUNDS

The following funds have been created to support the various philanthropic needs of the community. All of these funds are permanently endowed.

Unrestricted Fund:
The Unrestricted Fund enables the Cadillac Area Community Foundation to respond to changing community needs in order to enhance the quality of community life. Gifts to the Unrestricted Fund of the Foundation provide increased grant-making opportunities to address the broadest range of local needs. Both Unrestricted and Field-of-Interest funds are the heart of a foundation. They are essential to meet growing requests for grants. Grant applications for this fund are accepted twice a year. All grant requests are reviewed and selected by the Foundation's Board of Trustees, which are community volunteers.

Field-of-Interest:
A Field-of Interest Fund offers permanent support for a particular field where funds are not committed to just one organization. You may choose to support a general area of concern, such as the arts, education, health and human services, homelessness, conservation or youth. Twice a year a committee recommends potential grants to the Board of Trustees. The Board then makes grants to the most appropriate programs and organizations serving the Cadillac area. Field-Of-Interest Funds within the Cadillac Area Community Foundation are:

  • Youth Field of Interest Fund - Youth Grants and Mini-Grants for Educators are awarded from the income earned from this fund.
  • Homelessness Prevention Fund - This fund supports a life skills training program for the homeless population, and those at risk of becoming homeless, within the Cadillac area.
  • Lakin/Weeks Fund for the Humanities - Grants are awarded, from the income earned off this fund, that benefit culture and the arts in our community.
  • Health & Education Fund for Youth & Seniors - Grants are awarded from this fund for projects and programs that contribute to healthy seniors and youth.
  • Dr. Carl and Linnea Munson Fund for Education - This endowed fund was created to advance, improve, and encourage education within the Cadillac area, both to individual students and to educational institutions.
  • Anna Van Houten Memorial Fund - This fund awards grants to support the specific areas of mental and physical health for children, teens, adults, and the elderly.

Community Foundations also provide services to donors through other funds, such as:

Agency Endowed:
The Community Foundation offers organizational endowment funds, which hold and manage assets for charitable organizations. Local organizations can support their long-term objectives by creating an Agency Endowment Fund in the Cadillac Area Community Foundation. Agency Endowed Funds within the Cadillac Area Community Foundation are:

  • Cadillac Area Land Conservancy Fund
  • Cadillac Area YMCA Teen Center
  • Northern Michigan Christian School Fund
  • St. Ann’s School Fund
  • Wexford County Historical Society Fund
  • Mercy Hospital Cadillac Agency Fund
  • Manton Area Rotary Club Fund

Donor Advised:
Through a Donor-Advised fund, the Donor can have an active hand in charitable giving by suggesting which organizations and charities should be supported. Donor Advised Funds within the Cadillac Area Community Foundation are:

  • Huckle Family Fund
  • James and Mariette Potvin Family Fund
  • Dr. Charles and Virginia Ardis Restricted Endowment Fund
  • Margaret Louise Hollingsworth Restricted Endowment Fund
  • Dr. Charles R. Ardis Memorial Restricted Endowment Fund for Continuing Education for Dental Health Professionals

Named or Memorial Funds:
Memorial funds give you, your family, or friends or organization, a way to preserve the memory or a dear one and the good that flowed from his or her life. A new fund may be established or contributions may be made to an existing fund in honor of the deceased individual. Memorials may also be for many different special occasions, such as birthdays, anniversaries, retirements, and other celebrations. All donors are acknowledged, as well as the individuals being memorialized, through personal letters and by inclusion in the Community Foundation's Annual Report. Named Funds within the Cadillac Area Community Foundation are:

  • Judge William Peterson Memorial Fund - Named in honor of Judge William Peterson.
  • Arthur DePugh Memorial Fund - Named in honor of Art DePugh
  • Anne and Chester Van Dellen Memorial Fund - Named in honor of Anne and Chester Van Dellen, Sr.
  • Ivan N. Bernson Memorial Fund - Named in honor of Ivan N. Bernson

Scholarship Funds:
The Dr. Fred Mannion Scholarship Fund provides scholarships to top graduating seniors from the Cadillac Senior High School. The Advisory Committee for this Fund is comprised of the Senior Class Advisor, the Senior High School Principal, the Superintendent of Cadillac Public Schools, and a representative from the Board of Trustees of the Cadillac Area Community Foundation.

The Sue Westhauser Memorial Scholarship Fund was established in October, 2001. This Fund was established to not only honor the memory of Sue Westhauser, but more importantly, to recognize her commitment to quality education, her positive influence on both the Cadillac community and the Cadillac Area Public Schools, her dedication to the principles of education, and her creative and innovative spirit. When this Fund reaches maturity, scholarships will be awarded to enhance and perpetuate Sue’s commitment, influence, dedication and spirit.

The Kelly Ann Garcia Memorial Scholarship Fund for the Performing Arts was established in April, 2003 to honor former Cadillac High School graduate, Kelly Ann Garcia. While a Cadillac Area Public School (CAPS) student, Kelly loved to sing and perform, and was very active in the performing arts. Kelly’s life tragically ended in an automobile accident in 2002, but her spirit lives on in her family and in those with whom she worked, lived, and sang The Scholarship Fund provides financial assistance to students who personify spirit and potential in the performing arts with an emphasis on voice. The scholarships assists seniors planning to major in vocal music in college, and provides financial assistance, to vocal music students entering their junior and senior years, in attending music camps, academies, or musical tours.

Ardis/Lueder Northern Lower Michigan Endowed Scholarship Fund shall be used to support a student in a recognized dental program at the School of Dentistry at the University of Michigan. Preference may be granted to a student who is from, or demonstrates an interest in practicing in the Northern Lower Michigan counties of Wexford, Missaukee, or Osceola. Priority will be given to students in a post-graduate program. If no qualified applicants are available in a given year, graduate students may be considered pending fund assets. Preference would then be given to fourth and third year graduate students in descending order.

 

Student Loan Fund:
The Helen and Harvey Fund for Education, established in 1997 by Helen and Harvey Pell, is a component Fund of the Cadillac Area Community Foundation which provides low-interest student loans to Eligible Students who are attending or planning to attend a two-year or four-year college or university offering post-high-school-degrees. The Student-Loan Committee is comprised of members of the Cadillac Area Community Foundation and members of the Cadillac community.

 

Geographic Component Fund - Missaukee Area Community Foundation:
The Missaukee Area Community Foundation was established as a Geographic Component Fund of the Cadillac Area Community Foundation, to benefit the Missaukee County area. The primary purpose of the Missaukee Area Community Foundation is to develop a community-wide vehicle for permanent endowments to enhance the quality of life in the county of Missaukee, Michigan, and to establish and manage worthwhile funds for the benefit of the communities within Missaukee County. As an affiliate, the Missaukee Area Community Foundation enjoys the advantages of reduced operational expenses while having access to the same professional staff, fund managers, and investment managers as the Cadillac Area Community Foundation. The Missaukee Area Community Foundation has its own Advisory Board made up of residents of Missaukee County. Fundraising activities undertaken by this Advisory Board all take place in Missaukee County, and all grants from this Fund benefit Missaukee County residents. The Advisory Committee reviews the grant proposals and recommends grant funding for their area.