Tahoe nonprofit education endowment fund surpasses $2.5M
Imagine you serve on the board of directors for a local education foundation. The foundation is making a real difference in the lives of kids.
But it is also struggling to find long-term financial sustainability. Then, someone on the board comes up with an out-of-the-box idea. Grow an endowment fund by building a house.
In 1997 this was the exact scenario the board of directors of the Excellence in Education Foundation faced. The board knew the only way to ensure the foundation would continue to grow and support education for years to come was to build an endowment fund. (Read More...)