Appendices

Part 3: Endowments


Appendix G
Plan for Establishing An Endowment Fund

The following checklist summarizes the steps necessary to open, maintain, manage and eventually close an endowment fund based on information presented in Chapter 11.

Steps                                                            Specific Activity        Potential Ideas        Person Responsible and by what Date

1. Discuss endowment idea with Board




2. Assign staff/volunteer time to research




3. Board makes firm commitment to fund




4. Create action plan




5. Recruit Board/ Advisory Members with special expertise and interest




6. Determine if other sources of funding at risk if endowment created




7. Policy statements for the fund

(a) Overall and specific purpose of the fund




(b) Name of the fund




(c) Type of fund (i.e., mixed portfolio or fixed income)




(d) Financial objectives (e.g., Consumer Price Index)




(e) Spending rules incl. 10-year rule, 4.5% disbursement rule and other disbursement rules




(f) Structure of fund including named funds, value per unit, when donations accepted




(g) Decision-making structure & responsibilities




(h) How donations can be made & sample agreement




(i) Closing fund procedures




8. Policy statement that unexpected gifts go to endowment fund for minimum 10 years




9. Create a separate foundation




10. Research and choose advisors (e.g., financial planner, lawyer, accountant)




11. Research and choose institution to house fund




12. Open fund if financially possible




13. Prepare marketing material, pledge cards, etc.




14. Identify prospective donor list

(a) Prepare list of people who have already put family/organization in their will




(b) Follow-up with past donors




(c) Identify potential new donors




(d) Become known to the estate and financial planners in your community




(e) Provide ‘Wills Clinic’ as a community service




(f) Prepare script for approaching potential donors




(g) Review long-term donor relationship methods annually



15. Regular evaluation of process, assets and future planning cycle




Others:









Appendix H
Sample Endowment Fund Policies

(Lorna Somers, co-author of Planned Giving for Canadians (1997) with Frank Minton, has given us permission to reprint the following sample. She can be reached at Somersmith Publishing (905) 689-2538).

ABC CHARITY

ENDOWMENT POLICIES

The investment objective of the ABC Charity is to enhance the value of the endowment portfolio and at the same time provide a dependable, increasing source of income, which will be used to support the operating budget of the Charity. The portfolio shall include both equities and fixed-income investments. The equities are designed to provide current income, growth of income, and appreciation of principal. The fixed-income investments are intended to provide a predictable and reliable source of interest income while reducing the volatility of the portfolio. Investments will be diversified in order to enhance return and reduce risk.

ESTABLISHMENT AND NAME OF THE FUND

That the ____________________ (name of bank, trust company, credit union, investment firm or other financial institution) be instructed to set up an account or term deposits under the name _________________ (name can either be simply the organization’s name or another one chosen by the board).


FINANCIAL OBJECTIVE

Total return shall be the method of measuring the performance of the endowment. This refers to the combination of income (interest and dividends) and appreciation/depreciation of the fund’s value for a certain period of time. The specific financial objective is for total return less expenses and distribution of income to equal or exceed the Consumer Price Index (CPI) for that period. Real growth is a measure of the extent to which total return, less expenses and distributions, exceeds the CPI. It is recognized that this objective will not be attained every year because of market fluctuations, but it is expected to be attained over a period of time.

SPENDING POLICY

Income (interest, dividends and net rents) from the endowment shall be distributed to the Charity not less often than annually, and such income shall be used for the charitable purposes designated by the donors or, if undesignated, at the discretion of the Charity.

All capital gains, realized and unrealized, shall be allocated to the principal of the endowment, and there shall be no encroachment on this principal except as may be necessary to satisfy the disbursement quota from a capital account.

NOTE: The Charity may prefer to invest some of its funds in a quasi-endowment where it may expend capital as needed. It can do this with any funds not subject to the ten-year rule under Section 149.1(1)(e)(i) of the Income Tax Act, or even with those funds after the expiration of the ten-year period. The policies here presented presuppose that the Charity is establishing a pure endowment with the intention of spending income only.

ASSET STRUCTURE

To facilitate investment and accounting the endowment shall function as a mutual fund. Each individually-named endowed fund shall hold units as part of the investment pool. The initial value of a unit shall be $10.00 and thereafter it will fluctuate with the changing market value of the investments held in the pool. The number of units assigned each fund shall change only when additions are made, usually by gifts. On the last day of each quarter, the unit value will be determined by dividing the total market value of the endowment pool by the number of units in the pool. On occasion, income may be capitalized and transferred to the principal of a fund.

When contributions for the endowment are received they shall be temporarily retained by the Charity in a holding account and added to the endowment on the first day of the following quarter. The number of units assigned shall be determined by dividing the amount of the addition by the unit value as of the end of the immediately preceding quarter.

The funds within the endowment shall consist of all individually-named funds and the general endowment.

INVESTMENT MANAGEMENT

The endowment shall be managed by the finance and investment committee of the board (or other committee to which this responsibility is delegated), whose responsibilities in the area of investment administration are as follows:

To recommend to the board policies for the management of the endowment.

To make recommendations to the board on the selection of portfolio managers.

To determine how assets are to be allocated.

To monitor the management of the endowment portfolio in order to enhance return and control risk, and to keep the board fully informed.

ASSET ALLOCATION

The monitoring and adjustment of the mix of assets among the investment classes is a major factor in achieving investment return. The finance and investment committee shall carefully review the mix of assets in the endowment and periodically make, or instruct the portfolio managers to make, transfers within the prescribed asset class limitations. Ordinarily 40-60 percent of the portfolio shall be invested in equities and the balance in fixed-income investments and cash equivalents.

PORTFOLIO MANAGERS

The board, upon the recommendation of the finance and investment committee, may appoint one or more portfolio managers and may allocate endowment assets among them in whatever proportion it deems appropriate. One or more managers shall be given responsibility for equity investments, and one or more for fixed-income investments, or any manager may be given responsibility for both.

MINIMUMS FOR DESIGNATED ENDOWMENTS

Any amount may be contributed for the general endowment or for any previously-established named endowment.

The minimum required to establish a named endowment, the income from which can be used at the discretion of the Charity, is currently $10,000.

Permissible named endowments for specific purposes and the current minimum contributions to establish them are listed on attached Schedule A. (The Charity should attach its own menu of named funds to this document, e.g., the minimum required to establish a fund to support a specific program, specific job or activity.)

A named endowment for a non-listed purpose may be established subject to the consent of the board. The amount required for such an endowment will depend on the objectives to be accomplished, and will be negotiated between the donor and appropriate representatives of the Charity.

EXECUTION OF ENDOWMENT AGREEMENTS

A named endowment can be established either by a lifetime gift or by bequest. When it is created by a lifetime gift the donor and officers of the Charity will sign an endowment agreement that sets forth the terms of the endowment. When the donor executes a will containing language directing that a named endowment be established, no other documentation is required.

Contributions for existing endowments or for the general endowment require only a transmittal letter or the correct bequest language stating the donor’s intention.


Appendix I
Sample Endowment Fund Agreement

(Lorna Somers, co-author of Planned Giving for Canadians (1997) with Frank Minton, has given us permission to reprint the following sample).

1. Establishment

[Charity] (hereinafter ‘the Charity’) hereby agrees to establish the (name of fund as chosen by donor) ENDOWED FUND (‘the Fund’) per the terms of this agreement, to become effective when contributions for this Fund total at least $_____ (insert the required minimum for the particular endowment being established).

2. Purpose

The purpose of this Fund shall be:

(possible options)

“To support the general purposes and programs of the charity”

“To support_______________ program or, if program ends, to support the general purposes and programs of the charity”

“To provide funds for improving the general quality of life standards for (specific person or groups of persons)”

“To…” (describe particular purpose other than one of the above options.)


3. Donor(s)

State the name(s) of the primary donor(s), his/her/their affiliation with the Charity, why the Fund is being established and some brief biographical information about the donor(s). This is the only record that will endure, and it should be sufficient to memorialize the donor(s) and provide information for any future publication about the Charity’s endowments.

4. Funding

This Endowment shall be funded with the following (include all applicable items with as much detail as possible):

A cash gift of $_________.

A gift of securities (or real property) valued at $_________. (If the value is unknown, the property may be described.)

A gift of the remainder interest in a charitable remainder trust executed on_________(date).

A gift of the residual interest in (description of property) executed on __________ (date).

The gift portion of a charitable gift annuity executed on________ (date).

A life insurance policy assigned to the Charity_________ (date).

Any other gift or bequests that (name) or other person may designate for this purpose.

Additional gifts that the donors intend to complete by_________ (date) which, when added o the initial gift, total at least $_________.

5. Investment

The donor(s) intend(s) that the property contributed to this Fund, or other property substitute for it, shall be held and invested by the Charity as a permanent endowment unless the purpose is amended in accordance with Article 7, but in no case shall the contributed property, or property substituted for it, be held for a period of less than ten years, in accordance with Section 149.1(1)(e)(i) of the Income Tax Act.

The income earned on the endowment shall be used for the purposes authorized by this agreement. The investment, management and expenditure of all funds shall be in accordance with the Charity’s policies and procedures.

6. Administration

The principal of this endowment shall be retained, administered and managed by the Charity. The distributed income shall be used for the purposes described in Article 2.

7. Amendment

This agreement may be amended by the mutual consent of the Charity and___________during (his/her/their) lifetime(s).

If changed circumstances should at some future time make it impractical to continue using the income from this endowment for the designated purpose, and the donor(s) either is (are) not living or not able to consent to an amendment, then the Charity may predesignate the purpose of the endowment income, providing that the Fund shall continue to bear the name(s) of________________ and the amended terms shall adhere as closely as possible to the donor(s)’ original intent for this Fund.

Donor(s):

______________________________________________

(Date)


For the Charity:

(Name and title of person empowered to sign for the Charity)

______________________________________________

(Date)


Appendix J
Specific Sample Agreement Between ACT and The Toronto Community Foundation

The AIDS Committee of Toronto has generously given us permission to reprint their agreement with the Toronto Community Foundation that created their endowment fund.


August 26, 1997


The Board of Directors of the AIDS Committee of Toronto, having the power and authority has resolved to establish an endowment fund with the Community Foundation for Greater Toronto (‘the Foundation’) and encloses a cheque in the amount of $131,526.33, being the initial capital.

The terms of the fund shall be as follows:

The fund shall be known as the AIDS Committee of Toronto Endowment Fund.

The purposes of the Fund are to carry out our charitable purposes as more specifically set forth in our articles of incorporation.


The initial capital of the Fund and the initial value of any additions thereto shall be held by the Community Foundation for Greater Toronto for a minimum of 10 years and invested in accordance with the Foundation’s Investment Policy, in effect from time to time. Investments may include investments in mutual funds or other forms of pooled investment funds.

At such time as the Foundation has established a segregated fund for purposes of making investments based on certain ethical criteria, the Board of Directors of the AIDS Committee of Toronto would have the option of requesting that the balance of the Fund be transferred to such segregated investment fund.

The Foundation will ensure that any additions to the Fund by anyone other than the AIDS Committee of Toronto will be subject to a direction that the initial value of such additions will be held for a minimum of 10 years.

For purposes of this agreement, the following terms shall have the following meanings:

‘Administrative Fee’ means the annual charge for administrative services of the Foundation, including the investment manager’s fee, calculated in accordance with paragraph 8.

‘Annual Distributable Earnings’ means that portion of the Earnings determined by the Foundation to be available for distribution in each year.

‘Capital’ means the Initial Capital of the Fund plus the initial value of any additions plus all Earnings retained by the Foundation in accordance with paragraph 6.

‘Earnings’ means all income, dividends and realized and unrealized capital gains net of capital losses of the Fund less the Administrative Fee.


In each year the Foundation will determine the Annual Distributable Earnings, and shall advise the AIDS Committee of Toronto as soon as such determination has been made. The determination of Annual Distributable will be based on the Foundation’s capital preservation policy in effect from time to time. The balance of the Earnings will be added to the Capital.

Distributions from Distributable Earnings shall be made, at least annually in accordance with the Foundation’s disbursement policy in effect from time to time, to the AIDS Committee of Toronto, a registered charitable organization.

All distributions from the Annual Distributable Earnings will be identified as coming from the Fund.

In the event that the AIDS Committee of Toronto ceases to exist or ceases to be a registered charity under the provisions of the Income Tax Act, the Board of Directors of the Foundation shall apply the portion of the distribution of the Fund which would have been entitled to receive such analogous charitable purposes involving similar institutions or organizations as the Board of Directors of the Foundation may determine.


Or (Please see attachment #1 -- Dissolution Clause.

In any year, the Administrative Fee will not exceed 1.5% of the market value of the Fund and shall be determined in accordance with the administrative policy of the Foundation in effect from time to time.

Confirmation of the terms of the Fund by resolution of the Board of Directors of the Foundation shall constitute establishment of the Fund.

The Foundation will issue receipts in respect of all charitable donations received to the AIDS Committee of Toronto Endowment Fund, unless the donor does not require a receipt for income tax purposes.

We trust that the above will meet with your approval and with that of the Foundation’s Board of Directors.


Yours sincerely,


AIDS Committee of Toronto

Signed by Executive Director and the Chair, Board of Directors

Dated this 04 day of September, 1997.

Accepted as of the date set forth above:



Community Foundation for Greater Toronto

Signed by President and Chief Executive Officer and the Chair, Board of Directors

Attachment #1

Article Eleven

Dissolution

11.01

In the event that the Corporation [ACT] dissolves, after payment of liabilities, all assets or the proceeds from the sale thereof shall be distributed to Ontario registered charities devoted to lesbian/gay health interests that serve the community in the Toronto area. The Board* will be responsible for ensuring the appropriate distribution of assets.

Note: *‘The Board’ refers to the Board of Directors of the AIDS Committee of Toronto.


Appendix K
Sample Donor Agreement to Contribute to an Endowment Fund

When a donor makes a large contribution to your endowment fund through an outright gift or irrevocable deferred gift (e.g., such as a life insurance policy), the donor and organization should have a signed agreement that will:

Identify and gratefully acknowledge the contribution and wishes of the donor (including, perhaps, a bit of biographical information about the donor for future members of the organization to better understand the donor, the heirs and the circumstances of the gift).

Clearly state the purpose and administration of the endowment fund.

Contain legal language that satisfied Canada Customs and Revenue Agency’s 10-year distribution quota rule.

Allow donors to pledge future or ongoing gifts (e.g., monthly) for a determined or undetermined period.

Provide clauses that permit the organization to change restrictions if the original intent of the donor can no longer be met or if the organization’s mission changes to meet current needs unforeseen at the time of the donation.

Provide an opportunity to amend the agreement at any time with the signed consent of both the donor and group.

Explanation of what will happen with the donation should the fund be closed.

If an agreement cannot be mutually signed, a letter or a person’s will signed by the donor and containing the necessary instructions can be enough.

For example,

Our charity gratefully acknowledges the one-time, $10,000.00 contribution of Ms. Jane Smith. Ms. Smith has worked throughout her life to help people facing similar challenges as those people we serve. Ms. Smith has specifically instructed that her gift, or any property substituted thereof, be held by us for a period of 10 years or more within our general endowment fund with interest used to help us in our general work.

Our endowment fund is used to provide long-term operational costs in four key areas as outlined in our mission statement (attached). We are committed to staying small (i.e., operational budget less than $100,000, in 2001 dollars). The fund is administered through our Board of Directors and held within our Community Foundation fund.

Ms. Smith has agreed to allow the Board of Directors to direct her principle and interest to other future projects not covered within our present mission statement should the need be greater in one of those new areas.

Should either Ms. Smith or our organization like to change any part of this agreement, an amendment can be made with the signed consent of both parties.


Should our charity close its operations, its endowment fund, all the proceeds (principle and interest) will be donated to other small, not-for-profit and/or charitable organizations committed to staying small and working in similar areas of interest.

(Signed and dated by both parties.)


Appendix L
Draft Agreement among Deohaeko Families for the Creation, Maintenance and Dissolution of an Endowment Fund

Definitions

Deohaeko  Deohaeko Support Network (Durham Region), Inc.

Board  The Board of Deohaeko Support Network

Individuals  People receiving financial, natural and support assistance from Deohaeko up to a maximum of 10 individuals

Families  Families of individuals receiving direct support through Deohaeko; with a member/representative on the Board

Fund  Deohaeko’s endowment fund belongs to the organization and not the families while the actual assets in the fund are owned by the Durham Community Foundation

Named fund  Within the Deohaeko fund, donors may build a ‘named fund’ after themselves or someone else to honour them. The named fund is a part of the Deohaeko fund which, in turn, is part of the Community Foundation of Durham Region fund.

CFDR  Community Foundation of Durham Region


Overall and specific purposes of the fund

To provide a measure of financial independence for the support of individuals within Deohaeko Support Network through building a fund whose revenues will one day provide sufficient operational and support dollars to meet ongoing needs.

The endowment fund has been established to the benefit of up to 10 individuals including the 7 individuals receiving support at present. The other 3 are as yet unidentified but may include sons and daughters of past founding board members in good standing and may be added in the future upon the consensus of the Board.

Name of the fund

Deohaeko Support Network Endowment Fund

Location and type of fund (mixed portfolio)

The Board will place its fund with the Community Foundation of Durham Region (CFDR), which has a portfolio that includes both equities and fixed-income investments. The investments will be diversified to enhance return and reduce risk. Changing the location and type of fund will require an 80% majority vote of family representatives on the Board (one vote per family). Non-family Board representatives will advise but not vote on fund matters.

Financial objectives

The combination of income (interest and dividends) and appreciation/depreciation of the fund’s value over time less expenses and distribution of income should equal or exceed the Consumer Price Index (CPI). Real growth is a measure of the extent to which total returns, less expenses and distributions, exceeds the CPI. We recognize that this objective will not be attained every year because of market fluctuations, but it is expected to be attained over a period of time.

Spending rules including 10-year rule, 4.5% disbursement rule

The fund will follow disbursement regulations and will adapt to legal changes set out by relevant legislation and regulations as required including:

All assets donated to the fund must be kept for a minimum of 10 years.

The fund will disperse 4.5% of its assets annually as required and may choose to contribute part or all of that disbursement back into the fund.

Disbursements received by Deohaeko from the fund will be divided by the same methods used to disburse all operating funds through Board allocations.

All capital gains shall be allocated to the principal of the fund until the family Board members decide otherwise by at least 80% vote and there shall be no encroachment on this principal except as required to satisfy the disbursement quota from a capital account.

Structure of fund including use of named funds, value per unit, when donations accepted/rejected

The fund shall function as a mutual fund consistent with Community Foundation investing.

Deohaeko will permit ‘named funds’ with a minimum contribution of $5,000 within 2 years to establish such a named fund. Revenues from named funds will be allocated in the same way as other revenues (i.e., at the discretion of the Board). A named fund can be established by a lifetime gift (both donor and Deohaeko sign an agreement) or by bequest (the Last Will and Testament is only documentation needed.)

The unit value of the fund will be determined by the CFDR.

Donations will be accepted any time and held until CFDR accepts them or contributions can be made directly to CFDR into Deohaeko’s fund.

Deohaeko reserves the right to reject any donations from sources inconsistent with Deohaeko’s mission and values and any tied donations that are inconsistent with its mission and values.

Decision-making structure and responsibilities

Decisions about the creation, maintenance and dissolution of the fund will remain with the Board requiring an 80% majority of families represented on the Board (i.e., not 80% of the quorum at a meeting but a full 80% of the family representatives on the Board). Non-family representatives on the Board will be involved in all discussions and provide their advice but will not vote on fund matters. Changes to this agreement would also require an 80% majority of family members on the Board. At all times, the Board will strive to reach consensus before proceeding to the 80% rule.

At present, allocations of operating dollars are agreed by unanimous consent of the Board based on individual support-dollar needs relative to the other individuals; on individual wishes and to help keep the Deohaeko vision alive. Allocations from the fund will be limited to Schedule A. Donors will not be able to make specific disbursements requests as part of their donation.

When consensus is not possible, major changes, allocations or decisions will require at least 80% majority of voting family members. If an 80% majority is not possible the decision will have to be postponed until such consensus is possible. An outside facilitator may be brought in to provide support to the Board in building such a consensus.

If 80% of the Board families cannot agree on minor administrative or allocation decisions, then a 2/3 majority of quorum at a meeting will be sufficient.

The Board will have an advisory standing committee of three Board members (not necessarily all family Board members) to deal with the day-to-day administration of the fund. This committee will include the Board’s treasurer and will recommend the use of any external advisors including financial planners, lawyers and accountants and will advise on where the fund should be located. The Board will make all final decisions by passing appropriate motions. The Board’s president and/or treasurer and/or designate will be the main liaison with the Community Foundation of Durham Region and other external institutions, organizations, and professionals.

The Board’s fundraising efforts will include the Fund as a key funding tool for the long-term financial security of Deohaeko.

Families are expected to contribute to the development of the fund through whatever means possible in their circumstances including own contributions, requesting contributions from others, fundraising efforts of the Board, etc. Family contributions to the fund do not affect decisions on how revenues from the funds will be allocated.

How donations can be made including sample agreement

When a donor makes a large contribution to our endowment fund through an outright gift or irrevocable deferred gift (e.g., such as a life insurance policy), the donor and organization will have a signed agreement. No donations can be tied to a specific allocation. See Attachment B for sample agreement.

Protocol for when a new family joins Deohaeko and its fund

Once a family has been approved by a consensus of the Board to join Deohaeko, they can benefit from the revenues generated by the fund. They will not be required to contribute a certain amount to the fund when joining Deohaeko but will be expected to help the fund grow through similar methods of other Deohaeko families to the best of their financial abilities.

Protocol for when an individual and/or family leaves Deohaeko

When an individual receiving support from Deohaeko leaves the Rougemount Co-Op but remains within the network, the individual is entitled to ongoing financial benefit from the fund as determined by the Board. If their representative on the Board is geographically unable to represent them, a substitute must be appointed which will be either a sitting or new Board member.

When an individual receiving support from Deohaeko continues in the network but their family withdraws from the network, the individual is entitled to ongoing financial benefit from the fund as determined by the Board. Their family representative on the Board will be replaced by either a sitting or new Board member. If the individual’s family refuses to allow an alternate representative on the Board, the individual will no longer be entitled to any financial benefits, however, he or she may still receive other supports through Deohaeko.

When an individual receiving support leaves the network (by choice or through death) and their family remains, the remaining family members, upon a decision of the Board, may continue to receive non-financial support within the Network. If an individual dies, their estate or family have no entitlement to any revenues from the fund.

When an individual receiving support from Deohaeko and their family withdraw from the network, no financial benefits from the Fund will be allocated including any assets donated to the fund by the individual and/or their family, friends or others in their name.

If a Deohaeko family member on the Board fails to follow the fundamental principles of Deohaeko, and the conflict is unresolvable within a reasonable amount of time, they may be asked to leave the board by a minimum of 80% of the remaining voting families. The individual they represent will continue to be entitled to ongoing financial benefit from Deohaeko and from the fund as determined by the Board. Their family representative on the Board will be replaced by either a sitting or new Board member. If the individual’s family refuses to allow an alternate representative on the Board, the individual will no longer be entitled to any financial benefits, however, he or she may still receive other supports through Deohaeko.

Closing fund procedures

The fund will close on an 80% majority vote of the family Board members with all remaining assets being transferred either:

To Deohaeko if permissible by law and if funds have been held for at least 10 years.

To a similarly-minded charitable organization to be determined by the Deohaeko.

Policy statement that unexpected gifts to Deohaeko go to the endowment fund for a minimum of 10 years

Deohaeko passed a motion on _______________________ to the effect that all unexpected or untied donations will go into their endowment fund. They further decided that untied donations of less than $10,000 would have at least 75% go into the fund and gifts over $10,000 would be decided by at least an 80% decision of voting Board members.


Dealing with conflicts

If a family requests more than their normal allotment from the fund for their loved one without the individual’s needs having changed dramatically, the Board will use the previous year’s allotment as a guidepost.

If a family has an unresolvable personal conflict with the Board [i.e., not related to 10.(e) of this agreement] but they are unwilling to leave Deohaeko for financial reasons, the Board (as a whole) may remove the family member from the Board by an 80% vote and appoint a new representative for the individual from a sitting or new Board member. The individual would continue to receive support (financial and other) at the Board’s discretion (80% majority vote). If the individual’s family refuses to allow an alternate representative on the Board, the individual will no longer be entitled to any financial benefits, however, he or she may still receive other supports through Deohaeko.

This agreement shall be construed in accordance with the laws of the Province of Ontario.

We, the parents of NAMES, agree to the terms set forth in this contract dated this__________ day of __________ 2002.

SIGNATURES OF PARENTS:


SIGNATURE OF WITNESSES:


Schedule A

Revenues generated by the Fund can be allocated for:

Contributing back to the Fund to help the Fund grow.

Direct support dollars (must be covered first before other requests/needs are considered).

Co-ordinator(s) salaries.

Things not covered by health plans.

Fixed assets for individuals and/or Deohaeko.

Retreats, learning events and the development and/or acquisition of learning resources (books, tapes, etc.).

Costs of ‘keeping the vision alive’ including presentations; explaining our model to supporters, circles, siblings; keeping our story and history updated, web page, and looking to the future for new directions.

Helping an individual retain their home.

Acquiring personal items to enhance their lives.

Things or services that the Board deems necessary for the individual.

Revenues generated by the Fund cannot be allocated for:

Fixed assets or direct support dollars that serve to segregate individuals supported by Deohaeko (e.g., a van for use only by Deohaeko and the individuals it supports).


Funding to family members except in cases where a family member is required to provide extra, direct care which results in financial hardship (e.g., similar to how families outside Deohaeko may use direct funding dollars to allow a parent to stay home and care for their child).

Parental needs.

Paying siblings.

Congregated programs.

Exploitation of our children through advertising.

Political contributions.

Vacations (except funds to cover direct support dollars to a supporter accompanying an individual).

A minimum of 80% family voting members on the Board will be final in resolving conflicts on fund allocations consistent with the Board’s mission, values and legal requirements.

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