Designated Endowment Funds are funds that
are accepted by The Bexley Education Foundation
and designated for a specific purpose. The Bexley
Education Foundation is pleased to have four Designated
Endowment Funds that provide income for annual
programs that enhance student learning opportunities.
How
can you establish an endowment fund with The
Bexley Education Foundation?
An
initial gift of $5,000 is required to establish
a Designated Endowment Fund. The donor must
make a commitment to reach a minimum level of
$20,000 within three years of establishing the
fund. Grants will be made from the fund one
year after the fund reaches the minimum of $20,000.
If the donor so desires, he or she may play
a consultative role in the planning and evaluation
of the program.
The endowment funds are invested individually
by the Foundation and only the earnings on such
funds are available for expenses related to
the specific program.
The
Bexley Education Foundation Endowment Fund of
The
Columbus Foundation with current assets
of $1,576,302 was established in 1983. The goal
then, as it is now, is to use this money as
directed by the Board of Governors of The Bexley
Education Foundation to achieve specific educational
goals in the Bexley Schools. It shall not be
used to supplant any part of the regular operating
budget of the school district, which is provided
through tax money. The endowment fund continues
to grow each year through the addition of planned
gifts, donations, and reinvestment of interest.
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