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In an ambitious extension of the Manhattan Beach
Education Foundation’s important mission, MBEF has launched the MBEF Endowment
Fund, a permanent, self-sustaining fund that will help ensure future excellence
and innovation in our schools. The income from a carefully invested endowment
fund will provide a more stable source of funding in support of arts, science,
technology, and innovative enhancements to school programs.
The MBEF Endowment Fund provides a practical way
for families, alumni, businesses and others to make a long-term investment in
the quality of our public schools and our children’s futures.
A big check for a big check. The Plaza El Segundo team
represented by Lora Vrastil of Comstock, Crosser & Associates, Allan
MacKenzie of Mar Ventures, and Richard Lundquist, Continental
Development Corporation, present 2006-2007 MBEF President Anne
McLaughlin with a generous donation to the MBEF Endowment. The one
million dollars will be donated over five years commencing in 2007.
It is the largest single gift the Endowment has received to date. |
Who can give to the
MBEF Endowment and how
Why do we need an Endowment
Fund?
What is the
current status of the Endowment Fund?
When does MBEF expect to use income from the Endowment Fund?
How do I know the Endowment money is being invested wisely?
Who is the
Endowment Investment Committee?
Are my donations tax-deductible?
I have further questions
Who can give to the MBEF
Endowment and how
We invite our alumni, friends and neighbors to partner with us in providing an
educational experience that will help our students realize their own capacities
to the fullest. You are investing in an exciting legacy of discovery, creativity
and leadership.
An endowment gift is one where the principal
donation is maintained in perpetuity and only a portion of the annual investment
return is spent. Surplus earnings are reinvested in the endowment so that over
the years, the fund can grow and provide long-term financial security.
Outright Gifts
Gifts of
cash, securities or other property provide the Endowment with immediate
financial assistance.
Pledges
A pledge is a formal statement to make a gift to the MBEF Endowment
Fund. Many donors choose to complete their pledge by making regular payments
over a period of time. This method allows donors to give more generously
than they might have originally considered. We encourage payment of pledges
within five years of the original commitment, with the exception of gifts
through wills and estate plans.
Matching Gifts
Many corporations encourage employee philanthropy by matching or
multiplying their employees’ gifts to the Endowment. Before you make a gift,
you may want to ask whether your employer participate in such a program.
Planned Giving
Gifts Through Your Will or Estate Plan
One of the easiest and most common ways to give is through a gift in
your will or living trust. Your gift may be made in your name or to
memorialize a loved one. You may choose to leave a specific dollar amount, a
particular piece of real or personal property, a percentage of the estate,
all or a portion of the residue of the estate following the satisfaction of
other bequests, or a combination of the above. When you decide to remember
The MBEF Endowment in your will, please notify our MBEF Executive Director
and Endowment Chair.
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Why do we need an Endowment Fund?
The Endowment Fund will allow MBEF to provide a more secure source of long-term
funding for enhanced educational programs and activities, while lessening the
Foundation’s dependence on annual fundraising.
Currently, MBEF is charged with raising about
$2.3 million each year to support existing school programs. While the annual
appeal has historically reached its goal – and sometimes surpassed it –
virtually all of the money raised in a year gets spent in the following year,
and then the process must begin again. The success of this annual fundraising
effort is dependent upon the generosity of our donors, our ability to attract
volunteers, the state of the economy, immediate school and community issues, and
other factors sometimes beyond the control of MBEF.
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What is the Current
Status of the Endowment Fund?
Formally created in 1991, the Endowment Fund has grown to approximately $3.6
million as of December 31, 2007. For the 12 months ending December 31, 2007, the
Endowment Fund has a portfolio return of 10.6 percent.
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When
does MBEF expect to use income from the Endowment Fund?
The MBEF has established an initial fundraising target for the Endowment of $10
million; currently the Endowment balance is approximately $3.6 million. Funds
may not be transferred out of the Endowment Fund until such time as the
Endowment fund balance exceeds $10 million. After that, MBEF will use only the
income from the investments (subject to certain limitations in our bylaws).
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How do I know the Endowment money is being
invested wisely?
Consistent with the MBEF's Investment Policy Statement, which sets forth the specific investment
guidelines, the Endowment Fund is invested across a well-diversified portfolio
of investments. Since the implementation of this Investment Policy in early
2005, the Endowment has already grown by over 25 percent.
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Who is the Endowment Investment Committee?
The MBEF Investment Committee is comprised of MBEF's Chief Investment Officer,
the Treasurer, the Endowment Chair, at least two additional Directors, and such
other persons as may be appointed by the MBEF Board of Directors.
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Are my donations tax-exempt?
The Manhattan Beach Education Foundation is a California non-profit, public
benefit, corporation under Section 501(c) (3) of the Internal Revenue Code. The
federal tax ID number for the Foundation is 95-3881166. All donations are
tax-deductible to the extent allowed by law.
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I have further questions.
If you have any further questions, please press the button below to send
questions via email:
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