Secure the Future

Establishing an Endowed Fund
The Executive Director or the Gift Acceptance Committee approves the establishment of all new endowment funds. The Committee may delegate this responsibility to the Development Office for routine funds and may choose to review only those funds recommended by the Executive Director.

Any donor may give to an existing endowed fund by designating the name of the fund to which they wish to contribute or designating "endowment" when they make a gift.

All endowment funds are pooled and invested so that the investment principal will grow over time and generate spendable income based on the School’s approved spending formula. The School's current policy is to refrain from spending the interest from an endowed fund until the fund reaches a minimum threshold of $10,000.

In order to establish a named endowment fund, normally a donor must satisfy the following requirements:

1. Sign an Endowed Fund Agreement or other instrument prepared by the Development Office detailing the donor’s and the School’s understanding of the name of the fund, its purpose and administration;
    
2. Make an outright gift to Hindman Settlement School of at least $10,000 within three years or, a signed pledge to give $25,000 within five years (In the case of a pledge, the fund will be established when the minimum applicable threshold has been met.);
    
3. In the case of a pledge, send the School an initial pledge payment.

The endowed fund will be established when the monetary threshold of $10,000 is met. Because conditions change over time, all endowment instruments should contain the following contingency clause:

If, in the opinion of the School, and at a time not foreseen, all or part of the funds cannot be applied in conformance with the purposes stated, the School may use these funds for such other purposes as the School deems practicable, to effect the intent of the donor. All decisions of the School in the exercise of its discretion shall be final and binding on all concerned parties.

Investment Policy
A copy of our current Investment Policy is provided. The policy may change from time to time at the discretion of the board of directors.