New Ulm Area Foundation has been in existence for over 30 years. It is safe, it is secure, and it is an “endowment fund”.
What is an endowment fund? The most common trait of an endowment fund is that only income generated by the capital investments is available to the organization. Thus, growth of the financial assets is assured, while its income is used toward fulfilling its mission, both necessary operations and granting.
When you make a gift to New Ulm Area Foundation, your donation is deposited and put to work with the advice of a local investment manager, and with regular reviews by our Board of Directors’ Finance Committee. This facilitates increased local oversight.
Unlike a donation to some charitable organizations which might provide a one-time benefit, your gift to New Ulm Area Foundation will provide consistent and on-going granting opportunities into perpetuity.
Your donation to New Ulm Area Foundation truly is “the gift that keeps on giving!”