United Way of Greater St Joseph

“Success by 6 endowment - the funds in this account will be used to support the success by 6 initiative. Funds in this account include donor-restricted funds. A total return investment philosophy will be used. Up to 4% annually of the 3-year rolling average of the total market value (market value to be determined as of the last business day of the preceding year) of the account, can be used the following year at the united way board of directors' discretion. Distributions will need to be approved by the united way board of directors. Operating endowment - the funds in this account will be used to replenish any small losses sustained during normal operations. A total return investment philosophy will be used. Up to 4% of the 3-year rolling average of the total market value (market value to be determined as of the last business day of the preceding year), can flow into the united way operations for the following year or be used as the board deems reasonable. Distributions will need to be approved by the united way board of directors. Crystal circle endowment - funds in this account include permanently and temporarily restricted donor funds, as well as funds designated by the board of directors. Funds will be combined in a single investment account, and donor level balances will be based on percent of principle investments each donor represents. Donor intent will be honored when it exists and funds will flow from the investment account into the annual campaign to fulfill the donors' wishes. In the event that donor intent does not exist, up to 4% of the 3-year rolling average of the total market value (to be determined as of the last business day of the preceding year) can flow into the annual campaign to fulfill perpetual gifts from the donor(s). Distributions will need to be approved by the united way board of directors. United way endowment - the funds in this account may be used for emergency and emerging needs in the community; disasters; allocations; capital and united way operations. This account includes funds that are permanently restricted, donor restricted and unrestricted. A total return investment philosophy will be used. Up to 4% of the 3-year rolling average of the total market value (market value to be determined as of the last business day of the preceding year), can flow into the operating endowment account for the following year. Any additional distribution will need to be approved by the united way board of directors.”

“The organization is exempt from federal income taxes, except on unrelated business income, if any, under section 501(c)(3) of the internal revenue code. Contributions to the organization are tax deductible within the limitations prescribed by the code. The organization has been classified as a publicly supported organization, which is not a private foundation under section 509(a) of the code. The organization's policy is to record a liability for any tax position that is beneficial to the organization, including any related interest and penalties, when it is more likely than not the position taken by management with respect to the transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of december 31, 2024 and 2023, and accordingly, no liability has been accrued.”

“Uncollectible promises to give 90,158. Donor designations 35,698.”

“Donor designations 35,698.”