Building an Endowment

The scenario often begins with a board that says, 'We need an endowment. Go do it'. You know, of course, that board members do not necessarily want to help you once you have been given your marching orders. They may not even want to fund the project. They don't want to send you to class, and they don't want to hear about a lengthy time frame. But they really do want an endowment. And they want to know how much you are going to raise and when. So you begin this monumental task with few resources, little support and even less time. In this book you will learn how to overcome these pressures and also learn the process of setting up and securing an endowment fund. We will examine where money comes from, where it goes and how it grows. We will set forth rules and guidelines for its management. We will unlock and outline the ways in which an endowment fund can become a most effective fundraising investment. For over 15 years, the authors have led seminars across America on understanding and implementing endowment concepts. essential aspects -- from law application to accounting rules -- associated with understanding and executing this procedure properly and effectively. After reading this book, you will not only have a solid grasp of what endowment is and how it works, you will be ready to build an endowment right from the start.