Presentation on theme: "Working together to endow the future. History Began in 1994 Originally envisioned to provide ongoing, endowed support for Research, Scholarships & ASHRAE."— Presentation transcript:
History Began in 1994 Originally envisioned to provide ongoing, endowed support for Research, Scholarships & ASHRAE approved projects Creates a lasting and perpetual source of funding, memorials and honorariums Excellent tool for Chapters & Donors to support ASHRAE into perpetuity
How it works … Minimum contribution of $2,500 Full amount counts toward RP Goal for Year 1 Earns PAOE Points for the Chapter Invested by ASHRAE Foundation Earns a set 5% interest annually Part of the overall Foundation Portfolio that is managed by professionals
Every year after … into perpetuity … A donation is given in the donors name by Foundation Donation counts toward RP Goal for Years 2+ The donor supports RP and the Chapter forever Principal is never spent and kept in investments
Benefits Chapter Treasury works for the Chapter, supporting Research Makes it easier to reach goal every year Gifts to the Foundation count toward RP Goal Higher interest rate than most accounts Hassle free investment automatically credited by mid-June Can be built upon every year with annual Chapter contributions
Benefits Creates a lasting Memorial/Honorarium for a Donor Can be set up by Chapter, Company, Individual or Group of Donors Multiple Donors can give to one named Fund Credit given to everyone, combined into one Fund to build endowment quickly
To get started … Decide on the amount to Endow Rule of Thumb: No more than 50% of Chapter Annual Gift Other Donors can give as much as they want Fill out the Endowed Research Gift form Found on the private RP page www.ashraerp.com/foundation.html Mail to ASHRAE Headquarters c/o Patricia Adelmann
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