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Community Foundation of Davie County
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 Community Foundation
of Davie County 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 Community Foundation of Davie County to grow along with other
Foundation assets. As the Foundation assets grow and mature, the
Spending Policy will be revisited.)
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