The purpose of our endowment is to support the mission of the Women’s Fund on a long-term basis, ultimately serving as an additional source of funds for our annual grant awards. Our members contribute the majority of funds to support the endowment (prior to July 1, 2019, 80% or $800 from each Architect member and 20% or $40 from each Advocate member. Effective July 1, 2019, 20% or $200 from each Architect member). The Women’s Fund has also received several generous donations towards the endowment.
The strategic plan of The Women’s Fund, which recognizes the importance of educating its membership in regard to collective giving, included a goal to grow its endowment to $500,000 by fiscal year 2019, which was achieved in 2017, two years earlier than projected. Because of the generosity and vision of The Women’s Fund members, the endowment was $594,007 as of June 30, 2020. Now that the initial goal has been met, The Women’s Fund is able to incorporate additional funds from the endowment interest earnings into its annual grant making.