Q: What will the money be used for?
A: The interest earned on the principal will be used to fund YLMHC’s ongoing programs.
Q: How much initial funding is needed to open the endowment fund?
A: $25,000. All funds designated for the endowment leading up to that amount will be kept in a restricted account. Our goal is to cross that threshold on or before March 1, 2012.
Q: Can non-cash gifts (i.e. stock, property) be accepted?
A: Yes, once the endowment fund is officially opened. Upon receipt of non-cash gifts, they will be liquidated by the Endowment Committee.
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