Endownment

The Midway USA Foundation helps communities and organizations like Purdue Trap and Skeet to raise funds to support youth shooting activities. Midway helps shooting teams through their generous donations, matching contributions, and management of our endowment account. The Team Endowment Account Program is owned and controlled by the Midway USA Foundation, Inc, a 501(c)(3) not-for-profit, public charity established by Larry and Brenda Potterfield in 2007. The Potterfields began the foundation as a result of their passion and interest in educations for shooting, hunting, firearms safety, and outdoor skills.

The Team Endowment Account Program is intended to provide financial support to shooting programs, such as the Purdue Trap and Skeet Club.  Donations provide immediate grant potential along with sustained funding from the investment earnings of the fund. The Potterfield family makes a donation each year to fund 100% of all operating expenses so that every cent of every dollar you donate goes to support youth shooting. The annual earnings from the invested principal will provide future funding for shooting programs. By donating to our endowment account through the Midway USA Foundation, you will truly be providing for the future of our team and our beloved sport.

Purdue Trap and Skeet Club currently uses their endowment account as one of a three legged approach to funding our team. Annually, we are able to draw a grant of up to 5% of our endowment account balance. These funds may be used for shooting program expenses such as ammunition, travel, entry fees, uniforms, and personnel costs; and for various range improvement projects. The remainder of our account balance remains invested and grows through donations, matching contributions, and earned interest.

In addition to endowment account funding, when we operate our range, the money is invested right back into club activities. The third leg of our fundraising base is comprised of monetary and “in kind” donations from our sponsors and supporters.