Endowment Development

Endowment Development
Co-chairs: Norman Herbert
Time: 2 meetings per year 
Size: 6

The purposes of this committee are: 
*  To grow the Rotary Club of Ann Arbor’s Permanent Endowment by promoting annual contributions by all members, encouraging bequests and memorial gifts, and soliciting major gifts and pledges from members.
To increase the amount transferred annually to the Community Allocation Fund. The annual distribution is 4.25% of the 16 quarter average of the Permanent Fund. To the extent the market value of the Fund increases through appreciation and gifts, the annual distribution will be increased. 
Continue to recognize major donor in the Club’s annual report 
Require the Ann Arbor Rotary Endowment trustees to make an annual
report to the Club. 
 
The committee is involved in developing appropriate communication pieces to share with the membership.