Endowment

 

An Investment in Character

The Gulf Stream Council has an Endowment Fund. The money in the Endowment Fund is carefully invested by a corporate trustee, under guidelines given to it by the Council Executive Board. The purpose of an endowment fund is to never spend the principal of the fund. The interest earned each year is transferred into the operating fund to help finance the council's programs.

The endowment fund needs to grow each year. The national council believes that ultimately 25% of a council's operating budget will need to come from this source of income. Every Scouter in the Gulf Stream Council can help build our endowment fund.

Please consider what you can do to help insure that Scouting in the Gulf Stream Council remains strong and vibrant into the Twenty-First Century and beyond.

In recognition of your gift to our council endowment fund, Scouting offers two national awards:

 

James E. West Fellowship Award

The James E. West Fellowship Award is a national recognition for individuals who contribute $1,000 or more in cash or securities to their local council endowment fund. This contribution is in addition to and does not diminish or replace the donor's annual gift to the council's Friends of Scouting campaign. Organizations or individuals may also contribute an award in honor of someone. The award is presented with a certificate, a lapel pin, and a square knot to wear on the uniform. James E. West fellows names are added to the donor recognition memorial in the Gulf Stream Council Rinker Education Center. 

 

Second Century Society

Second Century Society is a newly created society for donors who make deferred or outright gifts greater than $25,000 (outright gifts can be over a five year period).  Your gift can be to any of the 3 funds- operating, capital or endowment. A gift can be made by an individual, group or organization and will be members of our Heritage Society.