Contributions to the Norse Fund
Currently, there are four different ways to contribute to the Norse Fund:

Unrestricted Contributions
Most of our funds are received by donations made by friends of the Norse Fund with no restrictions made on how their contribution is to be used. This type of donation allows the Board to use the monies received in any way that benefits the Norse Fund.

Flow-Through Contributions
Flow-through contributions are funds that are $500 or more that the donor wants to be awarded to one or more students. These types of contributions have to be communicated to the Board by March 1st and funds have to be received by May 1st, to be awarded at the Spring Award Presentation. Minimum amounts are generally $500, but other amounts may be considered.

Time-Restricted Contributions
These types of contributions are a form of restricted funds that the donor wants the Norse Fund to hold and award over time. Time-restricted contributions have to be at a minimum of $1,000 but can be for larger amounts.
The Board holds these funds and awards a minimum of $500 each year to one or more students.

Permanently Restricted Contributions
Permanently restricted contributions are also called endow contributions. This is where a donor contributes a larger sum of monies that is invested to yield an amount that is annually awarded to one or more students.
From time to time, the policy on permanently restricted minimum contributions and yields have changed. This policy changes as investment yield changes, but once the Board accepts a sum of monies and sets a yield rate, that obligation (scholarship) does not change. Presently, the minimum permanently restricted contributions is $8,000 at a yield of approximately 6 percent which equals a minimum annual award of $500 to a student.

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In summary, if you have an interest in one of these types of contributions, or if you have an idea that you want the Norse Fund to consider, please contact Ken Manning, Principal of Westby Schools at (608) 634-0103 or Board President, Rod Olson at (608) 634-4060.

Thank you for all your past interest in the Norse Fund, and whether your contribution is a current contribution or a bequest in your estate, the Norse Fund will work with you to try to accomplish your goals.