SEDS-USA Endowment Fund
What is the SEDS Endowment?
The SEDS Endowment will be a sum of money invested in a mutual fund
or other similar portfolio, the interest from which will fund SEDS annual
scholarship program and operating expenses. Only the interest from the
endowment will be used -- the principal will remain in the endowment, providing
operating funds for SEDS for generations to come.
What is the money for?
We are raising money for several purposes. Twenty percent of the money
raised will be immediately be put into the SEDS-USA operating fund to support
current projects like the NOVA (the national newsletter), educational outreach
projects, chapter expansion programs, and other chapter support activities.
Five percent of the money raised will be used to fund the SEDS Scholarship
Program. The remaining funds, 75 percent of the total money raised, will
be put directly into the SEDS Endowment.
Why the Endowment is critical:
The Endowment will put SEDS on a stronger financial foundation than
ever before. Over the past several years SEDS-USA has only had a couple
hundred dollars to put out a newsletter, keep the chapters informed of
national projects, put on an annual conference, and fund the scholarship.
The Endowment will give SEDS-USA an operating budget of several thousand
dollars as well as fund the scholarship program and provide SEDS-USA with
a steady source of revenue independent of further fundraising activities.
SEDS-USA will finally have enough money to serve the chapters better
than it ever could before. The Endowment will let SEDS-USA call the chapters
to offer any help they need, update them on SEDS-USA projects, and put
out a well-funded newsletter. Endowment interest can also be applied to
a Chapter Projects Fund so chapters can apply to SEDS-USA for funding for
chapter or regional projects.
How do I Contribute?
If you would like to make a contribution to the SEDS Endowment, you
have several options. You may:
SEDS is in the process of being recognized by the IRS as a not-for-profit organization under section
501(c)(3) of the Internal Revenue Code.