ENDOWMENT FUND
 One
way to ensure the future of SEM/SEAFISH is to build an endowment
fund. An endowment fund is a principal amount of money where
only the gain on the investment is allowed to be spent. Simply
stated the funds are invested and the interest earned on the
fund is spent on programs, materials and services. All undersigned
gifts are invested in the General Endowment Fund of SEM/SEAFISH.
The interest earned on these pooled funds will be spent where
needed most as determined by the executive director and the
board of directors president. Endowments may also be designed
to a specific program or item. A donor may specifiy how he or
she would like the money spent. Examples include, maintnance
on vehicles, gas mileage, specialty foods ect.
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