You finance whizzes can read the PDF and correct me, but to give my reading of
the Foundation's policy:
The Foundation does not take money from the donation principal.
They collect a one-time fee equal to 5% of the donation, they collect that from
the gains on the donation.
They collect a yearly management fee of 1%, again from the gains, not from the
endowment principal.
The award to the recipient is 4% of the gain on the account. I'm not sure if
gains in excess of the 4% award and 1% fee go back into "our" account.
________________________________
From: fighting_texas_aggie_band_class_of_1977-bounce@xxxxxxxxxxxxx
<fighting_texas_aggie_band_class_of_1977-bounce@xxxxxxxxxxxxx> on behalf of
Dean B <canyonag77@xxxxxxxxxxx>
Sent: Wednesday, January 13, 2021 9:09 AM
To: fighting_texas_aggie_band_class_of_1977@xxxxxxxxxxxxx
<fighting_texas_aggie_band_class_of_1977@xxxxxxxxxxxxx>
Subject: [fighting_texas_aggie_band_class_of_1977] Re: Memorial Fund
You are correct, Bill.
https://cdn.txamfoundation.com/How%20to%20give/The%20Gift%20Process/EXHIBIT_A_Effective_7-1-2020.pdf
