Does the Noble County Community Foundation distribute its capital?
Not normally. The NCCF may distribute capital in cases where the donor specifies that principal is to be used. It may also distribute capital in its first years in an attempt to provide evidence that the NCCF is working in the community and to help develop the concept of charitable giving through foundations in the Noble County community. Typically, the NCCF will invest the contributions made as part of the principal of the fund and will pay out a portion of the annual interest earned by that principal.
