| Endowment | Junior Fischer ASD |
This fund was created about
twenty-five years ago. Our purpose is to
help provide financial aid and stability to Y’sdom present and future.
To aid in Y’s Men purpose, objectives programs and expansion.
In other words we want to develop and improve Y’SDOM. The fund has
goals of (1) provide emergency funds if a tragedy should strike one of our Areas
or Regions; (2) to provide funds to solve special problems or carry on special
projects; (3) to provide special training or resource to strengthen, extend and
develop Y’s Men’s in their Areas or Regions. At the time the fund was
created we had a goal of one million dollars.
The fund had reached that goal and we are looking to double it now.
Anyone and everyone can
contribute to the fund; individuals, clubs, districts, regional or area boards,
and convention. Here is how you can
contribute to the fund. Make gifts
in MEMORY of deceased Y’s men, YMCA executives, Y’s Menettes, relatives or
friends of Y’sdom, with a written memorial inscribed in the “Golden Book”.
You can make a gift in TRIBUTE Y’s men, YMCA executives, Y’s Menettes,
relatives or friends of Y’sdom, with a written memorial inscribed in the
“Golden Book”. You can give
stocks and bonds. You can name the Endowment Fund in a will, trust or annuity.
You can also purchase or transfer life insurance policy to the fund.
Donations of any amount can be
given to the Endowment Fund. With a
donation of one hundred dollars you can have a memorial or tribute added to the
“Golden Book”. With a donation
of one thousand dollars you will have a tribute added to the “Golden Book”,
an iceberg crystal, which you can display at home, or the office. This iceberg
states that you are a “Y’s men International Endowment Fund Honor Roll
member. It will have your name or you and your spouse’s name etched on it. You
will also receive two Endowment Fund Honor Roll lapel pins, one for you and the
other for your spouse. This
donation can be cash, stocks or bonds worth at least one thousand dollars market
value at the time of transfer.
The funds limitations; only income
from the fund will be used to support Y’sdom.
The principal of the fund is to remain untouched in order to provide
stability to the fund. The
Endowment funds cannot be spent without action by the international Council and
the Endowment Fund Trustees Board. The
Trustees will tell how much of the fund can be spent. The International Council will tell how and where it is to be
spent as long as it meets the above stated purposes.
The structure of the Endowment
Fund board is five members. Each
member will serve a term of five years rotating term.
One member will be replaced or reappointed each year by the international
president. At any given time you must have a representative from three Areas of
Y’s Men international on the board of trustees.
When your club makes up its budget
be sure to include the Endowment Fund as one of the projects that you will
support. (In the USA all donations
are tax deducible if you make your check to Y’s International U S Area
Endowment Fund. All donations will
go to the CFO). But you should make
copy of your check and let your club know that you made
the donation. The club in turn will
notify the RSD for Endowment. The
RSD will pass it to the ASD. The
reason for the chain of command is that at each level there are goals set.
When we let each level know they can update accomplishments to goals.
Our fund did take a big hit on
911. I think we are getting part of
our losses back. It never comes
back as fast as it goes out. The
process for handling donations to the fund was set up by the international
council. All cash donations are put
in the bank until the end of the year. All
expenses are taken out of the bank fund during the year.
The amount left will then be transferred to the stock account at the end
of the fiscal year.
International Endowment Fund Trustee
Click here and you can use to join the growing number of Golden Book and Endowment Fund Honor Roll members. We will be looking to see your name and or your club’s name there.
U S Area Endowment Fund Report 2005/6
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Send site comments to Bob Daniels Email bdaniels3@prodigy.net
Page Updated 1 July 2007