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 MOOSE CHARITIES
Forward in the Good, Onward in the Right
ENDOWMENTS: Do You
Know What Your Gift is Doing?
Ensuring Your Gift is Put to the Purpose You Intended
By JILL KENNEDY
Deputy Director of Philanthropy, Moose Charities
> Many donors designate that they would like their funds directed to “an endowment” at Moose Charities. The concept of endowments can be confusing. We at Moose Charities would like to explain what endowment means.
Example: A check is sent to Moose Charities for a donation and “Endowment” is written on the memo line. What happens next?
This dollar amount contributed--in our case, the Mooseheart and/or Moosehaven Endowment Fund--is kept by the organization. The original gift amount is not spent. This is made possible by putting the gift into an endowment account and investing pooled money. Over time, this account earns interest. For budgeting purposes, Moose Charities uses 8% as an estimate of annual interest. The interest earned by a donor’s gift is then used by our organization to support the missions of Mooseheart and Moosehaven. Unlike gifts received for immediate use, endowed gifts keep giving over time.
Decisions must be made regarding the endowment investments. Prudent choices are made to ensure the 8% estimated annual return. This is the duty of the Investment Committee. At present, the Investment Committee consists of the following members: William Airey (Director General), Leonard Solfa (Chief Operating Officer), Joe Mech (Chief Financial Officer), David Chambers (General Governor), Charlie Palochko (Director of Purchasing) and Darrell O’Brien (Director of Membership). This committee meets eight times per year and determines which investments will generate prudent returns on the funds entrusted to the endowment pool.
The Moose Foundation, Inc. board is set up to make decisions regarding the distribution of the monies generated by the investments and paid out via interest. Members of the 2005-2006 Foundation Board are: Robert Elliott, President; Harold “Ray” Lewis, Vice-President; Chris Perry, Secretary; Don Eisel, Director; Eugene Smith, Director; and Thomas Hatcher, Director. This Board is advised by quarterly updates from Moose International CFO Joe Mech. Once a year, during International Convention, this Board meets in person to make decisions. There are three specific Endowment Funds for distribution of monies accumulated through the interest of the endowment investments.
- Mooseheart Endowment – funds pooled in this source are invested for use specifically at
Mooseheart.
- Moosehaven Endowment – similarly, funds collected
for this fund are used only for Moosehaven.
- Mooseheart-Moosehaven Endowment – monies designated for this entity are invested, and the interest is then used for whichever entity is in need of support
at the time of distribution of funds.
If you would like further explanations or assistance with any gift-related questions, please do not hesitate to call. No question is unimportant. We are knowledgeable and here to help.
Moose Charities receives many checks that request “Endowment” allocation. If you have ever sent a check for this purpose, if your Lodge or Chapter has ever been instructed to designate “Endowment”, or if you belong to the “Endowment Fund Club” – you’ll find the information above interesting. Many people are overwhelmed by complex financial information, but at Moose Charities, we believe that knowledge is power. Pass it on!
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Please click on any photograph below to view a larger image.
The League of Guardians
2005-2006
reflecting Moose Charities’ most recently completed fiscal year: May 1, 2005-April 30, 2006
Distinguished Patron:
$50,000
The William Rennie Lyons Fund
Champion:
$10,000 to $24,999
Robert G. & Shirley Barbour
Frederick J. Hoehn
Judy Solis
Sentinel:
$5,000-$9,999
Anonymous
Hugo W. Brinkwart
Kathleen Jean Brown, In memory of Larry Brown
Russell E. Buckardt
Paul & Carol Coyle
Evan & Carol Davis
Stephen M. Feigenbaum
The Abshier Family Fund
James M. Schlatter Fund of The Chicago Community Foundation
Protector:
$2,500 to $4,999
Maurice Bard
The Family of Jonas Clark
James A. & Deborah Cuffia
George Gatto
William & Kathleen Hodges
Mary Ann Mahoney
Michael G. Peters & Linda Sloane
Baird Advisors
The Bellavia Foundation
Bradley Consulting Group
George S. & Joyce B. Headford Charitable Trust
St. Charles East High School Activity Fund
Defender:
$1,500 to $2,499
Charles F. Anspach
Blake & Judy Barregar
Doris & Warren Black
Burns & Cuma Becht
William & Nancy Brown
Wesley Crowder
Ray Doss
Thomas & Janelle Fanslow
David & Mary Jane Farrell
Alleen K. Fields
Jerry Flynn, In Memory of Sally Hagerman
Jeffrey L. & Mary Green
Scott & Christie Hart
W. Otis Hines
Rodney & Vickey Hoy
Robert R. & Nancy Jones
Quimby Melton
Larry Rendell
Norman R. Schneider
Thomas Shank
Ray & Delight Thomas
Aon Foundation
Chicago Equity Partners, LLC
CT Corporation
Cunningham, Meyer & Vedrine
DuKane Contract Services Inc.
Insight Corporation Solutions
Kehe Food Distributors, Inc.
LaSalle Bank
Quebecor World – Mt. Morris
R & M Specialties, Ltd.
Wal-Mart Foundation
Weaver Boos Consultants NC, LLC
Guardian:
$1,000 to $1,499
Joseph F. Abaldo, In Honor of Guy C. Abaldo
Bruce & Jean Adams
Danny & Louise Albert
Duane & Virginia Babcock
Larry & Pat Batten
Robert Bauer, In Memory of Harold W. Bauer
Donald & Darlene Berger
Dr. Wayne Blaszak
James R. Boles
Keith & Dorothy Bradshaw
Robert & Constance Brault
Dan & Dori Brink
James E. Bristol
William & Karen Budimlya
Ray A. Burnside
Don & Eileen Cotnam
Guy & Anna Crites
Scott & Maria Cushing
Arl& & Dale Davis
Stephen & Joyce DelCorso
Thomas F. & Nancy Dupree, III
Robert & Sally Elston
Edward T. Farrell
George & Juanita Faunce
Michael A. & Marinda Fisher
James & Karen Fleming
Elinor L. Francisco
Anthony G. & Peri Gange
Richard E. & Patricia Garman
David K. Goodman
Edward G. Green
Franz R. & Beth Griswold
Royal Groshong
Lowell R. Hampton
Paul E. & Norma Hedrick
Carolyn G. Heilman
Esther F. Hetherton
James L. & Laronda Hibbs
Eugene C. & Diane Huggins
Ben Hughes
Rick Jacobsen
Dennis K. & Kathleen Johnson John Paul Jones & Jean Compton-Jones
Jill Lindsay Kennedy
Paul & Carol Klinger
Joseph R. & Connie Koons
David & Jean Kronemeyer
Patrick M. Laverty
Edward P. & Edie Layton
John A. Lesser
Wallace Leyshon, In Memory of Joseph Glazer
Donald R. Loeser
Ronnie Lozier
Barbara MacKenzie
Robert & Nellie Manning
John Henry Markham
John T. & Rose Mary Martin
Bruce T. Masopust,
In Memory of William Masopust
Mike & Carol McCool
Milton E. & Bettimae McGinnis
Stewart A. Miller
George Spencer Moser
Charles & Wynn Norris
Michael W. Norton,
In Memory of Paul Norton
Alfred O’Malley,
In Memory of Robert Gallagher
Donna & Larry Oncken
Eugene & Phyllis Pathel
John J. & Janet Pershing
Jack Phillips
Lionel G. & Hilda Porter
John & Helen J. Prunchak
Rosemarie T. Putman
Berwyn M. Rascher
Charles A. & Mary Rice
Larry & Sandra Richards
Michael D. & Karen Roach
Donald H. Ross
Mary Lynn Ross
Charles King Roushar
Timothy G. Sandburg
Charles R. & Sarah Cates Schultz
Leslie R. Shea, Jr.
Wayne M. & Lorraine Shumway
David R. & Nancy Sidebotham
David J. & Debra J. Smith
Leonard J. & Michele Solfa
Donald & Isabel Stone
Jimmy R. Stout
James & Martha Strahm
James R. Summers
Robert M. Taylor
Delmer & Delvera Teske
Charles & Denese Thulin
Todd A. Umstott
Charlene Welch
William S. Wilcox & Karen Natt
Myron F. Wiley
Richard A. Wilkening
William L. & Ruth Wilson
James T. & Phyllis Young
George M. Zorn
Alverin M. Cornell Foundation
A.T.A.P. COMPANIES
Babson Capital Management, LLC
BFC Forms Service Inc.
Fifth Third Bank
Harris Bank, Aurora
Harris Investment Management
Hyatt Regency, Chicago
IASIS Healthcare Corporation
Marquette Associates
Meyer Partners, LLC
National Endowment Assn Inc.
Saint-Gobain Corp Foundation
Sikich, Gardner & Co., LLP
Zylstra Harley-Davidson of IL, Inc.
James J. Davis Society
The individuals listed here are being honored for their generous commitment to the children of Mooseheart & the seniors of Moosehaven by their cumulative giving of $50,000 or more.
1913 CLUB – Honoring the founding of Mooseheart
($100,000 to $999,999)
Maria Brazil
Ray & Betty Kesling
Anthony Sporer
1922 CLUB – Honoring the founding of Moosehaven
($50,000 to $99,999)
William & Karen Budimlya
Willliam Rennie Lyons Fund
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November/December/January 2006-2007
