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Build an endowment in six years
To establish a Building Towards Endowment fund, an initial gift of $2,000 is requested, with a six-year time frame provided to reach the fully endowed level of $10,000 without restrictions or $20,000 with restrictions.
While a Memorandum of Agreement is completed at the time of the initial gift, a description of the awards process is not published until the fund has reached the fully endowed level with $10,000 or more in gifts within the six year timeframe.
If the fund has not realized the endowment threshold within the six years provided, the fund balance is then re-directed after discussions with the donor. The transfer may be to an appropriate fund in the foundation, as identified in the original Memorandum of Agreement, or to the Doors to Opportunity Pooled Funds.