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Named Fund Criteria
In order to establish your own named fund, your gift must meet the following
criteria:
- The Endowment Foundation Board of Trustees agree to the
use and terms of all (named) funds,
- The donor may name the fund and it shall be so named
in perpetuity,
- The fund must have a minimum opening balance of $10,000,
- The fund has an allowed annual use of earned interest
to be determined annually,
- The earned income will be used for the purposes
outlined in the Terms of Agreement, and
- The principal
will
remain intact within the foundation
in perpetuity.
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