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This endowment,
established in February 2002, has received
over $10,000 from Kiwanians and Club donations. In addition, the
Foundation has
awarded over $1,000 from its investment earnings and charged $52 in
administrative
fees.
If the
Club would like to produce $500 per year, the balance in the Fund
needs to be raised to approximately $14,000. When the Fund reaches
about
$29,000, it will pay out $1,000 a year forever (at current rates), even
if no
more contributions are made.
For further information, please contact Kiwanian Nancy Nicholson at 765-675-3260. |