|
What is the Campfire
Lighters |
||
|
|
||
|
An endowment fund is similar to a permanent savings account. The amount given to the endowment is not spent, but the earnings from the principal are available for Camp projects or for purposes specified by the donor. The Camp's endowment fund presently is around $15,000. Any interest generated by the fund at this time is being reinvested into the fund. It is our goal to have an endowment fund that exceeds $500,000, by the year 2010, so that the interest generated by the principal is great enough to use for capital improvements. Camp de Benneville Pines was established in 1961 on 17 acres in the San Bernardino National Forest. Although the land is leased, the buildings and equipment are owned and maintained by the Camp. As the facilities age, the need for repairs and replacement is great. Eventually, the interest earned off a sizable endowment fund will help to pay for annual improvements. Your annual support of $100 per year, will help us to grow our endowment to a point where the interest generated can be used to support the Camp's needs. It will take 500 Campfire Lighters, giving at the rate of $100 per year, about 8 years to raise the funds, or 1000 Campfire Lighters 4 years to raise the funds. Once the funds are in place, the interest generated on the principal will be about $55,000 per year. This money then will be used for annual capital improvements and equipment replacement.
|
||
