Update / reminder Athletics Enhancement Endowment
Update / Reminder -
Just received an update on the balance of the endowment - $67,082. Thanks to all who have helped this grow to this point over the past few years. Maybe some last minute gifts will get it to the $70K mark before June 30, 2012???
Still time to get a donation in for the endowment before the end of June. Good idea to get donations in before June 30 if you want the money to start paying out at the earliest possible date. Tech benefits whenever the money is deposited however. Endowment donations count towards LTAC membership.
The 2013 payout is calculated based on the principal on hand June 30, 2012 with the payout available to Athletics in July 2013.
The money in an endowment must be on hand at least 12 months before a payout is made so whatever the balance is at the end of a fiscal year (June 30) will be the basis for the payout for the fiscal year 12 months later (July 1). The percentage payout varies from year to year based on market conditions.
Make donations to La Tech University Foundation - Athletics Enhancement Endowment.
Re: Update / reminder Athletics Enhancement Endowment
Quote:
Originally Posted by
Tech78
Update / Reminder -
Just received an update on the balance of the endowment - $67,082. Thanks to all who have helped this grow to this point over the past few years. Maybe some last minute gifts will get it to the $70K mark before June 30, 2012???
Still time to get a donation in for the endowment before the end of June. Good idea to get donations in before June 30 if you want the money to start paying out at the earliest possible date. Tech benefits whenever the money is deposited however. Endowment donations count towards LTAC membership.
The 2013 payout is calculated based on the principal on hand June 30, 2012 with the payout available to Athletics in July 2013.
The money in an endowment must be on hand at least 12 months before a payout is made so whatever the balance is at the end of a fiscal year (June 30) will be the basis for the payout for the fiscal year 12 months later (July 1). The percentage payout varies from year to year based on market conditions.
Make donations to La Tech University Foundation - Athletics Enhancement Endowment.
It would be great to get to 25 different donors for the lifetime of the fund as well. Last I saw we were around 18. Who wants to step up and be part of the first 25?!
Only seven spots left! No donation is too small to reserve your place as one of the elite 25!
Re: Update / reminder Athletics Enhancement Endowment
Quote:
Originally Posted by
detltu
It would be great to get to 25 different donors for the lifetime of the fund as well. Last I saw we were around 18. Who wants to step up and be part of the first 25?!
Only seven spots left! No donation is too small to reserve your place as one of the elite 25!
I sent a check in today, but I am already in the elite eighteen.
Re: Update / reminder Athletics Enhancement Endowment
Bmp ...
Still time to get a donation in for the endowment before the end of June. Good idea to get donations in before June 30 if you want the money to start paying out at the earliest possible date
Re: Update / reminder Athletics Enhancement Endowment
I have given part of my LTAC specifically to the endowment for the last 2 years. It's easy to do and if advertised I think most people would give. It would help increase the endowment very quickly.
