SIP ENDOWMENT FUND
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People ask why the Endowment Fund is so important. Others ask what we are doing with the Endowment contributions. You hear us speak of the Endowment Fund as building the future. Here are the facts:
- Endowment contributions are a long-term savings and investment - the stronger the
Endowment, the stronger the future of an organization.
- Capital (principal) of the fund is currently untouchable - not "spendable" income.
- Only the interest earned can be spent to support our program.
- Currently, interest earned is reinvested back into the Endowment Fund.
- Our goal is to have a $100,000 Endowment fund.
- Investments yielding 8% interest would provide $8,000 income.
Our objective is to see interest earned from the Endowment totally pay our website modernizing expenses, and allow the Education Fund to pursue new books and publishing opportunities, and the General Fund to support "everyday" Society expenses. Many of the modernizing and globalization changes are apparent. More will be unveiled in 2011. Our long-term goal is to see the new programs become self-supporting or supported through the interest earned from the Endowment Fund.
We have reached the $100,000 mark. We need to reach $150,000 to truly build and support the future of the SIP!
Contact Dr. Jonathan Becker at jbecker@u.washington.edu for more information.
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