Is there such thing as a gift that goes on and on? The Endowment Fund for camp scholarships does just that.
Thanks to gifts made by several families in memory of their loved ones, the Inspiration Point Scholarship Endowment Fund has now grown to $55,000! These memorial gift monies now provide camp scholarships to many kids each year.
The endowment fund preserves the principle of every gift, while the interest generated provides camp scholarships to those in need. Each year, 90% of the interest produced provides camp scholarships while the remaining 10% is reinvested into principle so that the endowment continues to grow. Endowments are named by the family and can be added to at any time.
In 2009, $1,613 was generated and distributed. These funds, along with many other gifts, were part of 96 camp scholarships that were given in summer of 2009.
Perhaps you would like to establish a scholarship in the name of a loved one. Please contact us if you would like to give a gift that keeps on giving camp experiences to kids.