Endowments are permanent funds in which the principal is held in perpetuity and only the investment income or earnings are expended annually.
Endowment gifts provide a powerful and stable long-term source of funding for MIM. Endowed funds support activities not just for one year, but help make certain that MIM will exist as a resource for future generations. In keeping with MIM’s Investment Policy, endowment funds are invested prudently to ensure they can sustain current and future needs. Unlike annual gifts, the endowment provides a protected source of income not subject to cyclical variations in income and is cushioned against market fluctuations.
Established in 2011 with a gift from MIM’s founder and board chair Robert J. Ulrich, MIM’s endowment now represents more than $17 million in assets invested in a diversified portfolio designed to ensure current support as well as growth for the future. The portfolio includes a diversified allocation mix developed to meet MIM’s investment return goals while protecting the endowment assets. The endowment policy includes a spending strategy of either 4 percent or the average investment return for the prior twelve quarters, whichever is less.
Your gift of $25,000 or more could be added to MIM’s endowment fund in your name. For more information or to make a gift, contact the Institutional Advancement Team at 480.478.6062 or advancement@MIM.org. Thank you for your consideration.