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Making a gift? A gift to the community endowment fund is a perpetual gift. Only the income derived from this fund is used to meet pressing needs. The income is used for educational, charitable, cultural or benevolent purposes for the benefit or improvement of the Mitchell area or you may choose to create a separate fund designed to support a particular field of interest or organization. By creating a philanthropic gift or memorial (in your name if you wish), you are assured that your generosity will never become obscured, and that the fund will continue to grow and benefit others.