About the Fund
The District Wide Endowed Fund for the Future was created by the Founding Partners when the foundation was established to provide a committed level of annual support. Gifts to the fund remain with the fund in perpetuity, and the investment income is used annually to meet current needs or fund special projects as part of a grant application process. Recipients are determined by the Foundation Board of Trustees.
Endowments are designated funds for a specific purpose that are structured so that the principal amount is kept intact while the investment income is available for granting or reinvestment to build the endowment. This allows the donations to have an impact over a longer period of time than if it were spent all at once. A permanent endowment is a key component of successful Education Foundations that support public education across the country. The Foundation holds other endowed funds that are invested with the general endowment. All these funds maintain their principal amount intact while the generated interest is used to support the specific purpose of the funds.