A word on the Sherborn Dollars for Scholars Endowment

    In 1991 the chapter embarked on a program to raise $10,000 a year over a five-year period to increase the size of the endowment fund, with all of the new funds intended for common stocks.  We were further assisted by a local foundation that pledged 50% matching grants for each year that its goals were achieved.  As part of its challenge, the Chapter’s regular appeals could not be included in the annual goals.  The effort to increase the endowment was successful, resulting in $75,000 additional funds by 1996. 

    Before investing the additional funds, the investment committee was expanded and guidelines were established by the Chapter’s Board for the percentages to be invested in common stocks and bonds and for the quality grades of securities eligible for purchase.  New investments must meet the guidelines criteria and can be made only upon the approval of the entire investment committee.  At December 31, 2004 the Endowment Fund was worth over $200,000, with 64.9% invested in common stocks, 31.5% in fixed income securities and 3.6% in cash.  Gifts to the endowment fund in the form of appreciated common stocks would be greatly appreciated and inquiries are invited.