Endow El Dorado is fund set up to create a way for the foundation to address community needs, dreams and visions. Endow El Dorado is an endowment fund that invites individuals, families, organizations and business concerns a way to contribute, at any dollar amount, to the work of improving our communities.
There are three main components to the typical endowment fund:
1. Investment Policy: This policy dictates the types of investments the manager can make and how aggressive he or she can be in meeting return targets.
2. Withdrawal Policy: This policy determines the amount that the institution can take from the endowment fund at each period and is usually based on the institution's needs as well as the amount remaining in the fund.
3. Fund Usage Policy: This policy ensures that the money from the endowment fund is being used properly and for the purposes set out by the fund.