Policy for Endowed Funds:

Definition

An endowed Gift is a contribution made in perpetuity to Altrusa International of Longview-Kelso Foundation, Inc. from which the only dollars disbursed are those received from the investment of the principal. 

Recognition

Those who contribute to Altrusa International of Longview-Kelso Foundation, Inc. may be recognized through news releases and printed foundation publications including district and international publications and web sites.  In the event anonymity is requested, donor wishes will be followed.

Donors may wish to contribute to the general endowment fund or to existing endowment funds as long as they accept the conditions of the original donor(s).  Any amount may be accepted to an existing fund.

Our Policy For New Endowed Funds

1. A minimum of $3,000 must be initially contributed to the foundation to establish an endowed fund.

1. All new endowments will have five (5) years in which to reach a minimum of $10,000.  During that period, all income will be returned to the named endowment within the Foundation’s Investment Portfolio and none will be allowed to the donor-requested purpose.   
   
   
2. If the emerging endowment does not reach it’s $10,000 minimum principal balance with the allotted five years, the donor(s) will designate one of the following:  
   
   
   1. Create a specific Designated gift Account which, under donor-created guidelines, will be disbursed in its entirety over an agreed time period. 
       
   2. Donate the entire amount to the Foundation’s Investment Portfolio and allow the Foundation to use the amount at it’s discretion consistent with the foundation mission.  
      
      
   3. Add the amount to a already existing endowment.

2. All income produced by each endowment will remain in the foundation’s investment portfolio.  The purpose of this guideline is to produce endowment growth sufficient to keep up with inflation.
     
   At the beginning of each fiscal year, up to five percent (5%) of the endowment principal will be made available to support the purpose(s) requested by the donor; an additional one percent (1%) may be used to cover Foundation operation expenses, making a total of six percent (6%) expended.  But in no event will a withdrawal be allowed to reduce the principal below the total amount of the endowment contributions.
   
   
3. The Foundation will invest all endowed funds in a common investment pool(s) and will control the manner in which the funds are invested.
   
   
4. The Foundation will have the authority to amend this policy.

Policy for Designated Gifts:

Definition

A Designated Gift is a contribution made to the Altrusa International of Longview-Kelso Foundation, Inc. from which the monies will be disbursed under donor-created guidelines, in its entirety over an agreed time period.

Recognition

Those who contribute to the Altrusa International of Longview-Kelso Foundation, Inc. may be recognized through news releases and printed Altrusa publications.  In the event anonymity is requested, donor wished will be followed. 

Our Policy

1. A specific account or line item will be set up to disburse this designated gift, under guidelines created by the donor. The amount will be disbursed in its entirety over an agreed time period. 
   
   
2. The Foundation will invest all of the designated gift in a common investment pool(s), and will control the manner in which the funds are invested. 
   
   
3. The Foundation may use income from the foundation’s Investment Portfolio for any use consistent with the Foundation’s mission and goals.
   
   
4. The Foundation will have the authority to amend this policy.

Top