Dear Friends of the Great Salt Lake Council,
"We make a living by what we get. We make a life by what we give."
- Sir Winston Spencer Churchill
The mission of the Great Salt Lake Council's Endowment is to create a consistent sustainable source of income to secure Scouting's future. The endowment financial goal is $5,000,000.00 by December 31, 2015. With this in mind my wife, Colleen, and I, have donated $100,000 to the endowment for 2014, with a match gift of $50,000 for every new endowment pledge made during 2014. We encourage all Friends of Scouting and dedicated Scouters to join us in making this goal a reality.
We greatly appreciate and thank you for your continued support.
Roger Thompson, Vice President of Endowment Committee
Who we are
Founded in 1913, the Great Salt Lake Council, Boy Scouts of America, serves over 75,523 youth in Salt Lake, Davis, Summit and Tooele counties.
What is the Endowment
What is an Endowment? An endowment is a permanent fund that is invested to provide long-term support for a charitable purpose. A portion of the investment earnings is distributed annually while the remaining earnings are retained in the fund so that the endowment and the annual distribution stream both grow over time.
Endowment 2013 Performance
In an effort to smooth cash flow to the council and improve budgeting, the Executive Board has voted to maintain a managed distribution policy from the Endowment to support Council operations. $141, 045 was distributed to support council operations in 2013. The year-end portfolio value was $4,129,116. The total return fo the endowment for 2013 was 7.39%, net of fees. Contributions to the endowment were $126,042. Since the endowment's inception in 2000, the endowment has delivered approximately $1.5 million of support to the Great Salt Lake Council. (See Chart) ENDOWMENT INVESTMENT POLICY
For more information about Preserving the Legacy
Chuck Hedrick, Endowment Director
Great Salt Lake Council, Boy Scouts of America
525 Foothill Blvd., Salt Lake City, Utah 84113-1199
Telephone: 801.582.2663, Fax: 801.582.7401