The Endowment
Funds in the endowment grow through the continuing support of individual donors and through careful investment and management. The value of the endowment is in its permanence, which ensures that funds will always exist to address the problems faced by local women and girls.
Management:
The Fund elected to have its endowment managed by the Mid-Shore Community Foundation (MSCF). Association with the MSCF allows us to invest the endowment along with the monies from the other local funds managed by the Foundation, thereby maximizing the potential for investment growth and minimizing costs.
The MSCF is responsible for investment decisions, filing necessary tax returns, and providing the necessary IRS documentation for donations received. It also provides low-cost professional administration and management for the Fund, including accounting, auditing, and tax services. This frees the board of the Women & Girls Fund to concentrate on its mission and allows it to function economically. Without the services of the MSCF, the costs of running a separate foundation would be too expensive to make the Fund viable at this point.
Additional information about the Mid-Shore Community Foundation can be found by visiting its website at www.mscf.org.