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Does the Genesee Community College Foundation have a “general purpose” endowment fund?

April 26, 2017Community College endowment foundation fund Genesee

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Does the Genesee Community College Foundation have a “general purpose” endowment fund?

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Yes. The Michael J. Ryan Fund for the Future is an endowment fund that exists for the general support of Foundation programs. Investment earnings from this fund can be spent for any purpose authorized by the Board of Directors.