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Endowment Fund

Assuring Future Enhancements for our Schools

Kris Trustey, Treasurer

What is an Endowment?

An endowment is a savings vehicle that is often used by not-for-profit institutions to provide a permanent source of revenue. The Edfund uses earnings from the endowment to fund grants. The remainder of the earnings are allocated to the fund’s principal to ensure that the endowment continues to grow. We are now starting to realize the power and promise of this endowment for our schools.

How is the endowment fund managed?

Our fund is managed by a six person Investment Committee which makes recommendations to the Board. The members of the Committee are all local residents who have experience and expertise in this type of fund management.

How do you determine the amount of money available for grants each year?

Historically, we have given a percentage of the Edfund’s annual income, including gifts, directly to the schools and have invested the remainder in the endowment fund.

As our endowment has grown, we are now able to make grants based on a percentage of the endowment balance, rather than annual activity. This is a more traditional funding formula – one which maximizes the benefit to our students today while ensuring the growth of the fund for tomorrow.

Is my contribution tax deductible?

Yes. The Edfund is a registered charity and your contribution is tax deductable to the extent allowed by law. Check with your tax advisor.