Giving Tree Endowment Fund
The Giving Tree is prominently displayed at the DEHI Ellsworth Office.
What is an endowment fund?
Quite simply, an endowment fund is a board-restricted account that ensures all gifts are administered according to the donor’s wishes. The primary focus of the Foundation is to support Downeast Horizons, Inc. (DEHI) mission. However, a donor may choose to have their gift added to the “General Fund” with allows the Board of Directors to use such funds for other organizations as well as DEHI. Each gift to the fund is invested, and only a portion of the earnings from the invested gift is available for DEHI to use as needed. The initial gift is not spent, but is “planted” in order to continue growing into perpetuity.
