- The Endowment Fund is perpetual and was created to provide a long-term funding source without being diminished itself.
- The Endowment Fund principle shall not be used, either directly or by transfer, to pay administrative costs or grant-making.
- The income stream generated from investing the Endowment Fund’s principal is used to support administrative costs and grant-making by the ECF Board of Directors.
- Administrative costs and grant-making apply in meeting the 10% annual expenditures for IRS requirements.
Estacada Community Foundation has established an endowment fund with the Oregon Community Foundation
Recognizing the importance that stable funding represents to the Estacada Community, in August 2007 the Estacada Community Foundation’s (ECF) Board of Directors transferred a portion of ECF funds to The Oregon Community Foundation (OCF) to continue growing our permanent endowment far into the future. Our new Estacada Community Foundation Fund is overseen by OCF’s board and investment committee, and the assets are invested as part of the OCF’s professionally managed $930 million asset pool. In turn, Estacada Community Foundation will receive distributions from our fund.
Need more information about about the ECF? Please contact us at 503-630-GIVE(4483)