Reminder -
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, however; Tech benefits whenever the money is deposited. Endowment donations count towards LTAC membership.
This year's payout is calculated based on the principal on hand June 30, 2009 with the payout available to Athletics in July '10.
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.
We are close to getting the principle to the $50k milestone. Any help is much appreciated - thanks OLDDOG75 for your recent donation. Where are the other "olddogs"??? Make donations to La Tech University Foundation - Athletics Enhancement Endowment.