Today, endowment is viewed as a critical funding source for all not-for-profit institutions. An endowment fund is a sum of money permanently invested. The income generated by the investment is used to support the Club’s ongoing operations and activities. If the Club should face financial disaster, the principal may be spent by 2/3 majority vote of the Foundation's board of directors.
For donors, the benefits of endowment are equally compelling – an opportunity to provide a permanent legacy benefiting the institution for many years to come. These gifts create an opportunity to share in an institution’s future success by specifically targeting one’s donation to fill a specific need, benefit a program, or provide a base of general operating support through an unrestricted gift.
Learn more about our endowment objectives and find out more about the many "Ways of Giving” through which you can support the Club for Boys.