Endowment Investment Income

24.0 Finance and administration112011-09-202015-02-032015-02-032017-02-28It is the policy of the Association to allocate a portion of earnings to the permanently restricted fund to grow the base endowments. The minimum annual allocation is 2% of the collected permanently restricted portion of the asset. Upon recommendation from the Education and Research Fund Program Team, the Board of Trustees may choose to make a higher allocation if deemed prudent. In the event that the annual earnings are less than 2%, all earnings will be allocated to the permanently restricted portion. All other earnings from the collected permanent and temporarily restricted funds will be allocated to the corresponding temporary restricted fund to be used in the execution of the supported program. If no earnings are received, no allocation will be made.
Updated March 30, 2015