Davie Community Foundation
Spending Policy

The Foundation's spending policy determines the amount of funds the Foundation will make available for distribution from the permanent endowments in a given year. The amount available for spending is determined by a total return system, with intent to minimize the likelihood of the original contribution of a fund being invaded.

The current Spending Policy adopted by the Davie Community Foundation allows 4% of the fund's average market value from the trailing 12 quarters to be distributed annually.

(This initial policy allows newly endowed funds established with the Davie Community Foundation to grow along with other Foundation assets. As the Foundation assets grow and mature, the Spending Policy will be revisited.)

 

Davie Community Foundation, Inc. • P.O. Box 546, 194 Wilkesboro St, Mocksville, NC 27028
Phone: 336-753-6903 • E-Mail: info@daviefoundation.org