Message-ID: <F23B140878694C58AB6A7030F8C84401@PHOTOGRAPHER> From: "Sally Jacobson" <sjacobson@ephraim.org> Subject: Re: endowment fund Date: Mon, 21 Sep 2009 16:10:07 -0500
Yes, we have an endowment which supplies about half of our operating budget.
We established it as a separate corporation in 1992, and named the Ephraim
Historical Foundation (our historical society) as the sole voting member.
We have a separate 12-person board, bylaws etc. and meet at separate times.
The trust is administered by a bank trust department, although it could also
be administered through a local community foundation, which is a good place
to start.
Sally Jacobson
Executive Director
Ephraim Historical Foundation, Inc.
920-854-9688
----- Original Message -----
From: "Ann Waidelich" <annwaid@sbcglobal.net>
To: <localhistory@listserve.uwec.edu>
Sent: Friday, September 18, 2009 1:30 PM
Subject: endowment fund
>
> Historic Blooming Grove Historical Society would like to establish an
> endowment fund.
> Do others have such a fund? How is it structured?
> Is it a section in your by-laws? If so, would you send us the wording?
> Thank you,
> Ann Waidelich, curator, HBGHS
>