Introducing OCFโs Newest Designated Fund
The Otsego Community Foundation (OCF) is thrilled to announce the launch of its newest designated fund:ย The Otsego Lake Fund, established by Regan and Sandra Quaal. This fund is dedicated to supporting projects and programs that protect and preserve the natural beauty and ecological health of Otsego Lake.
โSandra and I started the Otsego Lake Fund because we believe in the power of endowments to create lasting impact. This fund isnโt just about todayโitโs about forever. As it grows, so will the resources available to protect and preserve the lakeโs beauty and health for generations to come. Itโs a way to ensure that Otsego Lake remains a treasure, not just for us, but for everyone who comes after.โ โ Regan Quaal
In August, the Quaals hosted a warm and inspiring gathering at their lakeside home to kick off fundraising for this important endowment. Surrounded by friends, neighbors, and lake lovers, the event marked the beginning of a long-term commitment to safeguarding one of Otsego Countyโs most treasured natural resources.
What Is a Designated Fund?
A designated fund is a type of charitable endowment that allows donors to support a specific nonprofit organization or cause over time. When you establish a designated fund through OCF, you create a permanent income stream for the organization you care about most. The fund is invested, and the earnings are used to make annual grantsโproviding reliable, long-term support.
Designated funds offer:
- Planned giving support
- Investment management services
- Tax benefits
- Flexibility to accept complex gifts like real estate or appreciated stock
Even if the original organization changes or ceases to exist, the fund can be redirected to continue honoring your charitable intent.
Why Endowments Matter
Endowments are more than financial toolsโtheyโre legacies. They ensure that vital causes like Otsego Lake receive consistent funding, regardless of economic ups and downs. By contributing to an endowment, you help build a permanent source of community capital that will do good work forever.
Join the Movement to Protect Otsego Lake
The Otsego Lake Fund is a call to action for everyone who loves the lake. Whether youโre a year-round resident, a seasonal visitor, or someone who simply values Michiganโs natural beauty, your support can make a lasting impact. Donate today to the Otsego Lake Fund and help preserve the lake for generations to come!
Make checks payable to Otsego Community Foundation with Otsego Lake Fund in memo and mail to:
OCF
P.O. Box 344
Gaylord, MI 49734
You can donate online at https://godonate.akoyago.com/OCF/fund/otsego-lake-fund,
To discuss other giving options including stocks, legacy etc. reach out to Amanda Sosa, amanda@otsegofoundation.org or 989-731-0597.
