THE WCEF ENDOWMENT
securing public schools for the next generation
The Walnut Creek Education Foundation board established the Endowment Fund with the intention of growing a long-term, stable source of funds that will help protect our eight public schools from volatility in state funding. In 2023, the WCEF Board voted to increase the Endowment fund to $1 million before we are able to draw from interest. While still small, we hope to grow the Endowment each year through contributions from the future classes of graduating seniors, campaigns, alumni, and gifts from the community.
All donations to WCEF are tax deductible. Donors will be thanked in our annual report.
Donate securely below or send a check (with the word Endowment and your student's name on the memo line) to:
WCEF
P.O. Box 186
Walnut Creek, CA 94596
If you have any questions, please call 925-933-9233 or email contact@wcefk12.org.
All donations to WCEF are tax deductible. Donors will be thanked in our annual report.
Donate securely below or send a check (with the word Endowment and your student's name on the memo line) to:
WCEF
P.O. Box 186
Walnut Creek, CA 94596
If you have any questions, please call 925-933-9233 or email contact@wcefk12.org.
What is the WCEF Endowment Fund?
Unfortunately California state funding for public schools is unstable. A healthy endowment can provide additional funding without the additional burden of more fundraising. An Endowment Fund of $1 million would be possible to pay for a significant portion of non-state-funded essential and enrichment programs for students (TK-12) from a self-perpetuating source of income - forever. This is the purpose of the WCEF Endowment Fund.
How does the endowment fund work?
All endowed funds are invested and after the fund reaches $1,000,000, the interest, dividends, and capital gains earned on principal could be distributed, up to 5% of the Endowment Value. This means that a $1,000,000 endowment could pay out as much as $50,000 per year. Earnings that exceed the payout amount are retained in the Endowment Fund to safeguard its purchasing power against inflation and to act as a cushion for periods of poor market performance, allowing for modest growth over time.
How is a gift to the endowment fund different from an annual gift?
All donations help WCEF in different ways. Annual gifts are important because they meet present-day needs, funding staff, and programs in our schools now. By comparison, endowment gifts grow over time, providing a stable source of perpetual income for years to come. When you make a donation to WCEF, you can choose to designate all or a part of it to the endowment.
How are the funds in the endowment fund invested?
Funds are professionally managed by an outside firm and are invested in a diversified portfolio of asset categories, including U.S. equities, non-U.S. equities, fixed income, and cash. The funds are invested in accordance with an asset allocation policy approved by the WCEF Board of Directors and managed by the Endowment Committee.
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