In 2015, SCLA's Board of Directors worked to create a sustainable revenue stream to support the mission of the association. We believed, and still believe the best way to do this is to raise and manage an endowment fund that will generate sufficient annual returns to provide consistent revenues to fund our efforts. We also decided that it is essential to have emergency funds available in the likely event of an environmental emergency such as invasive species that will require immediate and expensive mitigation.
Our initial $1.2 million will be invested as follows:
The Investment Policy Statement for the Operating Reserve Fund was developed to provide funds to combat environmental issues (ie: AIS mitigation and prevention) that impact the Spider Chain of Lakes. It is invested entirely in fixed income instruments and has daily liquidity.
Your gifts will be used solely for the purpose of meeting our mission of Preserving and Protecting our lakes and watershed.
Your gifts are split between the Reserve and Endowment funds: 1/3 to Reserve Fund, 2/3 to Endowment Fund unless you direct otherwise.
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