That keeps on giving.
Endowed funds differ from others in that the total amount of the gift is invested. Every quarter, any/all earned income will be transferred to the Mission of Hope’s operating fund. In this respect, an endowment is a perpetual gift. An endowment is a permanently restricted fund, and the law requires that the funds are managed in a way that the purchasing power of the corpus – the original investment – exists in perpetuity.
Endowment funds are not only great security for the nonprofit, but they ensure donors that the nonprofit will be there for the long haul. Endowed funds can be income streams for the life of an organization, sustaining them with invaluable financial support through unstable times.
From November 1st until December 31st Milt and Trudy Staskal had offered to generously match dollar for dollar all donations made to the endowment fund. That meant your $1.00 became $2.00 your $1,000.00 became $2,000.00 or your $5,000 became $10,000.00!
The matching fund opportunity has passed, however you can still give directly to the endowment as an investment in the future of resiliency in New London!
As Milt has been know to say quoting John Wesley “Earn all you can, save all you can and give all you can”
How it’s invested
The Mission of Hope Endowment Fund is completely invested in the Schwab® S&P 500 Index Fund. The fund is a straightforward, low-cost fund with no investment minimum, and has simple access to 500 leading U.S. companies and captures approximately 80% coverage of available U.S. market capitalization which invests in some of the most well-known U.S. based companies.