Planning for Transition

The Edwardian $Million Endowment Transition Plan articulates the tasks that are required to get the “as-is” state of the endowment to the desired “to-be” state.  Listed below are the major events that must take place to move the endowment objectives forward.  The endowment fund is designed to have an indefinite lifecycle, it is being designed to recycle our cash proceeds to replenish the funds needed to continue the cycle of investment opportunities to our school. 

Forecast Endowment Schedule target balance at year-end for cash proceed, based on current trending:

 

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BANK ACCOUNT ACCESS:  Finance Team

• Draft permission letter for direct access to bank account.

• Finalize permission letter for direct access to bank account.

• Issue permission letter for direct access to bank account. Provide a date as to when you would like to receive the permission granted and to which members.

 

DRAFT AND DISTRIBUTE CONGRATULATIONS COMMITMENT LETTERS/REMINDERS:

 

• Letters will be drafted based on commitment levels:

  • > 0 < 25%

  • > 26% < 50%

  • > 51% < 100%

• The most appropriate language will be used to keep the momentum high.

• Determine the frequency on how each segment of letter(s) are to be released (every quarter, monthly, etc.).

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HIRE HEDGE FUND/FINANCIAL ADVISOR MANAGEMENT FIRM:

• JP Morgan is our chosen Investment Bank.  As such, they are going to hold our checking account as well.

• Vanguard, T-Rowe Price, Fidelity Investment and Goldman Sachs was interviewed.

 

Planned meeting with His Grace the Proprietor of the School and his Team:

• Awaiting confirmation of date.