The "Spending Policy"

Guaranteeing a Steady Flow of Support

The Foundation maintains a commitment to a total return investment philosophy, including a 5.9% average spending policy.  Adopted in 1991, the Foundation's spending policy guides us in determining what will be disbursed from the endowment.  Considered necessary to preserve and enhance the principal of the funds, the policy helps maintain the real value of the endowment while providing consistent grantmaking dollars during uncertain and volatile investment markets.

This "smoothing mechanism" will continue to provide a dependable source of spending for current Foundation operations and programs in perpetuity.

Learn more about our spending policy.