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The unrestricted WCI Endowment
Fund is the primary permanent asset of WCI. Its earnings are
used to fund current program
initiatives that meet regional needs,
and support the general operation of the foundation. Endowment
2006 is our
current
campaign objective to build the unrestricted endowment to at
least $25 million. Our long-term goal is to have an unrestricted
endowment that exceeds $40 million by 2012-13.
A healthy endowment
ensures the future distribution of grants. Annual earnings
from the endowment investments are used to
fund a variety of projects. In the future as new problems
will arise,
today’s donations will provide a resource of money
and experienced staff to address these critical issues.
Donations
to the unrestricted endowment become a permanent
resource for people in west central Minnesota. Gifts to
the endowment
are invested to produce annual income. A portion of this
income is reinvested to maintain the value of the endowment
and the
remainder is distributed by the board of directors. |
