So, the memorial fund I set up after my sister died is now endowed, (over $10,000), so it will go on in perpetuity.......... 
The investment guy told me their goal is to be able to distribute 4.5% a year of income to a lucky student, and not touch principal.
I know foundation assets are conservative, but 4.5% in today's environment?
Can't figure if it was CYA, but am looking forward to reading the annual report when it comes out............ : 
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
|
Threaded Mode
