Organizations can draw 5% of their account, once a year. Your endowment gains value every quarter, as you add funds and as investment earnings are equalized across all accounts. Then an Average Daily Value is recorded for every account.
When an organization's cycle for drawing funds is scheduled, usually at the end of a quarter, that account's Average Daily Value is used to calculate 5% of funds available.
The form for requesting is on the MidwayUSA Foundation web page, and can be printed and completed, then sent into the Foundation. This takes about 10 minutes (so no excuses about paper work). Requested funds will be sent to you or can be direct deposited into the clubs checking account.
This One is Important
Clubs should Always request a draw of your 5% and receive those funds. Yes, your might not have a lot, or you might not have a use for all of the money, BUT you can donate those funds back to your endowment account, and those funds will be matched before they are added to your endowments. If you go thru the State Partner they can match these funds also, before the Foundation matches.
Some individuals may be concerned about the ethical questions of donating back funds that you have just been given. Don't be concerned about it, the staff of the Foundation wants us do it.
We all must realize, and it is sometimes difficult to grasp the idea, that the MidwayUSA Foundation wants to get as much money as possible out to club endowments. They are focused on clubs getting all of the funds needed to grow junior shooting programs.
There is no organization out there like the MidwayUSA Foundation for junior shooting programs. They want you to get as much matching dollars as you can, to grow your Average Daily Value, and get more on the next draw. To keep the cycle going to perpetuity always growing to meet the needs of junior shooting.