What is the Endowment Fund?
The Senior Center Endowment Fund was established by Resolution No. 58-97 as a result of bequeaths totaling $39,376 that were made to the Healdsburg Senior Center by the estates of Ruth G. Clark and Mr. Phil Smith. The Fund was established as a formal endowment with the City Finance Director serving as the Trustee. It was also established that once the contributions and earnings of the fund reached a minimum of $200,000, the earnings would benefit the Healdsburg Senior Center, but not supplant normal and recurring operating support.
How is the Fund Spent?
The Senior Citizens Advisory Commission was designated as the responsible decision-making body to determine the use of funds.
Want to be Involved?
1. Contributions/Donations
Donations of any size may be made to this Fund at any time.
2. Help determine the future of the fund
The future of the Senior Center endowment fund remains unclear. The Commission proposes that over the course of the year, it will determine the future direction of the Endowment Fund and how proceeds should be used to support the Senior Center now and into the future.
Individuals interested in learning more are encouraged to attend the Senior Citizens Advisory Commission Meetings held at City Hall Chambers.
The next meeting will be on: Wednesday, November 20th at 4pm