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.
Those who donate to the Giving Tree will receive recognition as follows:
Donations up to $250 will receive recognition annually in our Annual Report.
$251 to $500 will receive recognition in our Annual Report and have an engraved copper leaf placed on our Giving Tree.
$501 to 1,000 will receive recognition in our Annual Report and have an engraved silver leaf placed on our Giving Tree.
$1,001 to $2,500 will receive recognition in our Annual Report and have an engraved gold leaf placed on our Giving Tree.
$2,501 and above will receive recognition in our Annual Report and have an engraved donor stone placed at the base of our Giving Tree.
If you would like to make a donation to The Giving Tree Endowment Fund, please contact Downeast Horizons at 207-667-2400 or make checks payable to Downeast Horizons Foundation, or make your donation online.
The Giving Tree is prominently displayed at the DEHI Ellsworth office.