Now-and-Forever Funds


A Now & Forever Fund is a combination of a short-term investment with an objective of preserving capital to meet immediate needs and an endowment asset intended to sustain the long-term intent of the fund.

The “Now” pool will be readily available and will, therefore, be invested in short-term investments, with an objective towards the preservation of principal. The “Forever” pool will be treated as endowment assets and will be invested in line with the Foundation’s long-term investment policy with distributions subject to the Foundation’s Spending Policy.

The ultimate goal will be to grow the “Forever” pool in order to sustain the long-term intent of the Fund through available Spending Policy distributions.

In order to remain a Now & Forever Fund, the fund must reach a minimum of $5,000 in the “Forever” pool within 10 years of opening the fund.

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