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How are the endowment grants determined?

endowment Grants
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How are the endowment grants determined?

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The Foundation has adopted, along with hundreds of endowment managers in the country, a Total Return Policy. The policy has two goals: to maintain and increase the real value of the endowment and to smooth out the short-term roller coaster ride that inevitably results from investing in the marketplace. Depending on the current climate, the Foundation generally awards about 4% of a fund s average market value over the preceding 16 quarters. (New funds must be invested a full calendar year before they can make grants.

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