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YMCA establishes Horizon Endowment

The YMCA of the Northwoods recently announced that it established the Horizon Endowment.

“The Horizon Endowment was founded to support our mission and help secure the financial future of our Y,” said Laurie Schlitt, interim CEO. “Your investment in the Horizon Endowment will enable the Y to support capital development, capital equipment, maintenance projects and pilot programs.”

Endowments are funds used by nonprofit organizations to further their work. An endowment differs from other types of funding in that the principal of the fund is not spent.

Interest the endowment earns from investments is used to

Tuesday, September 03, 2013 5:20 PM
 

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