Frequently Asked Questions
updated November 20, 2022
- What is the difference between donating to The Carl B. Kern Fund and contributing directly to YMCA Camp Kern?
Donations to The Carl B. Kern Fund can be considered as investments in the future, helping to build the Fund's principal that
will yield a steady source of distributions to support a variety of YMCA Camp Kern initiatives in perpetuity.
(see how past distributions have been used). Donations to YMCA Camp Kern directly
serve to support specific immediate needs, including camper scholarships and facility updates. Both serve distinct,
important functions, and the Kern Fund Advisory Board encourages donors to choose the method of support with which they feel
the most comfortable. Of course, it's possible to donate to both.... 😊
- Who decides how the distribution money is used?
The YMCA Camp Kern Executive Director has discretion on how the annual distribution is used. As per the
Fund Agreement, a detailed report is to be submitted to The Dayton
Foundation once a year outlining the uses of the funds. The Kern Fund Advisory Board has frequently communicated with the
Executive Director to discuss how the money may best be used; for example, planning multi-year pledges towards
capital improvements at camp.
- Are there goals to the fundraising efforts for The Carl B. Kern Fund?
The Founder of the Fund would certainly like to see the fund's balance reach $1 million before, in his words, he's "made his
last lanyard, so to speak...". This would result in an annual distribution of around $40,000, which would continue to increase as
the Fund's balance increases. Future goals might be tied to
keeping up with a certain percentage of the operating budget of YMCA Camp Kern, which would then guarantee a steady source
of income that could partially offset unforeseen circumstances.
- Do you take Venmo, PayPal or Zelle for the Carl B. Kern Fund? It would be easier than sending a check...
The Dayton Foundation currently accepts credit card donations through an online form which also allows for the collection of
additional data like honorary/memorial gift designations and other special instructions. The link which will specifically
designate your gift to The Carl B. Kern Fund is here.
The Dayton Foundation does not take Venmo, PayPal or Zelle at this time but it is "analyzing and looking at options".
Additional info on the pros and cons of using Venmo for nonprofits is discussed
here.
- What other assets can I donate besides cash? What about planned and deferred giving opportunities?
The Dayton Foundation has a What You Can Give page that describes many different ways to give, including
- Appreciated Securities
- Real Estate and Other Tangible Personal Property
- Closely Held Stock/Limited Liability Partnership Interests,
- IRAs and IRA Charitable Giving Options
There is also detailed information about
- Outright Legacy Gift Options
- Gift Options that Produce Income
- Life Insurance
Additional information is also available at the Foundation's
Making Gifts to a Foundation Fund of The Dayton Foundation page.
- If the Dayton YMCA no longer owned YMCA Camp Kern, would this affect The Carl B. Kern Fund's distributions to camp?
No. The Fund Agreement is very specific in stating that distributions go to "the organization responsible for the management
of Camp Kern". If another Y were to take ownership, or if Camp Kern became independent, the distributions would continue
to camp without interruption.
- What would happen to the money in this Fund if YMCA Camp Kern no longer existed?
The Fund Agreement was specifically written to address this scenario. One of the reasons this Fund is named after Carl B. Kern
and not YMCA Camp Kern is that the intention of the Fund is to focus on the legacy of "C.B."'s work with youth through camping
and the outdoors. Should YMCA Camp Kern cease to exist, the Kern Fund Advisory Board
would continue to direct distributions
from the Fund to organizations that closely align to this work, in C.B. Kern's honor, keeping his legacy alive.
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