Endowment Funds

Endowment Funds
An endowment is a perpetual fund.  The fund’s principal is invested, and the income from such a fund is admnistered in adherence to the terms of the agreement.  When the gift or pledge is received, a “Memorandum of Agreement” will be executed between the donor and the school.  The memorandum outlines the terms and conditions of the endowment gift.  Endowment gifts are invested in The Donoho School’s pool endowment fund in order to enhance yields and safeguard investments.
 
A named endowment may be established with an initial gift of $10,000.00.  However, The Donoho School’s guidelines stipulate that such a fund must reach a minimum level of $50,000.00 within a five (5) year period.  Until this minimum level is reached, no distributions of income can be made available.  Donors may add to their endowment, beyond the initial funding level, through lifetime gifts, bequests and beneficiary designations from life insurance or retirement plans.

If you would like more information on giving to The Donoho School, please contact Gina Stephens, Director of Development, at (256) 237-5477.