Long-term
funding for support of sponsored programs and club grants is
provided by means of the Endowment Fund. This is an investment
account managed by a professional financial planner in Spring Hill,
Florida, with oversight by a committee of the Foundation's Board of
Trustees and an investment policy reviewed and approved periodically
by the Board. By Board policy, a percentage of the interest and
dividends earned from these investments is used to fund these
programs, with amounts above that level used to grow the investment
portfolio.
Gifts
of $1,000.00 that result in Ralph Davis Fellow recognitions, as well
as all income derived from estate planning gifts of at least
$5,000.00 with membership in the Florida Kiwanis Legacy Society, are
designated by the Board of Trustees for the Endowment Fund.
Investment yields in excess of the percent set by the Board for
Grants programs also are applied to growth of this Fund.
To
access forms to assist with making these gifts, click
here