Endowment Fund
January is the month in which we focus on the Endowment Fund (EF).
Developing from the original Capital Reserve Fund of the 1950s, today, the EF comprises an international investment portfolio managed by an internal five-member Board of Trustees with diversified representation.
Many of you may recognise the EF as the source of the Area SDS allocations helping to cover the costs associated with the successful charter of new clubs. SDS has contributed to the development of clubs in all Areas.
Since the sale of the IHQ building in Oak Brook, Illinois in 1984, the EF has also helped to cover the rent of the IHQ office. In the upcoming term, it may help us to renovate and equip our new headquarters in Geneva, purchased as a PWA Legacy project in May 2022. The office is an asset that, with proper care, can increase not only the visibility and status of our movement but also our financial capital.