Investment Results of Past Endowments
Time is the friend of all endowments and it is a powerful tool. You may wonder what a $10,000 Legacy Endowment can do if it is only going to contribute 5% a year to its beneficiary. With good investment and time supporting that endowment, the answer is a lot. Here are four examples of actual endowments managed by the Pittsburgh Foundation which appeared CTCC's 2009-2010 Annual Report.
What can your Legacy Endowment Accomplish?
Christopher W. and Karen G. Pelham Fund
Initial Gift: $35,361
Grants Awarded: $139,672
Current Balance: $151,735
William Harper, Jr. Family Fund
Type: Medical Research
Initial Gift: $103,584
Grants Awarded: $303,792
Current Balance: $436,900
Mark V. Lindsay Scholarship and Aid Fund
Initial Gift: $59,722
Grants Awarded: $166,134
Current Balance: $249,121
Virgil T. Scott's Sons Memorial Fund
Type: Field of interest
Initial Gift: $50,000
Grants Awarded: $236,302
Current Balance: $273,072
Examples of actual funds*
* These are actual results of funds under management by The Pittsburgh Foundation. The names of the
funds have been changed to safeguard the privacy of their donors.