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Endowment Funds
An endowment can be your legacy to future generations of students
because once established, it is self-perpetuating. When an individual
makes a gift of $10,000 or more to the Lake Michigan College Foundation,
a new endowment fund can be established and the assets are immediately
invested for future growth.
The Lake Michigan College Foundation's endowment program is professionally
managed following guidelines developed by the Foundation's investment
committee. The guidelines are reviewed annually and may be modified
to provide the best stewardship of the funds entrusted to it.
Each named endowment is maintained as a separate fund and receives
a pro-rated share of the endowment's earnings. The Investment
Committee's spending policy provides an annual 4% pay-out for
scholarship and program awards. This amount is based on a three-year
rolling average based on total return.
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