How are earnings on permanently endowed funds allocated?
The Endowment Foundation’s board of directors is committed to seeing our permanently endowed funds continue to grow. For this reason, the board has chosen to allocate 45% of earnings annually to grow each endowed fund. Then, if a donor has chosen to benefit a club project such as facility improvements, 45% of the annual earnings are designated for that purpose. The remaining 10% of earnings (or 55% if there is no designation) are available for the board to use at their discretion for areas of greatest need.
