Q: What is the Angeles Chapter Foundation?
The Angeles Chapter Foundation is a public charity which primarily funds the charitable and educational programs of the Angeles Chapter.
Q: Who runs the Foundation?
The Foundation is governed by a board of directors who have a long history of service with the Angeles Chapter.
Q: How do you give out grants?
Please refer to Grant Guidelines.
Q: What is your investment policy?
The Foundation’s endowment assets are invested in a variety of stocks and mutual funds to earn a stable and growing income.
Q: Does ACF have endowments?
Yes, the Angeles Chapter Foundation has endowments devoted to specific purposes and programs. These include:
Q: What is an endowment?
An endowment is a donation of money or property to a nonprofit organization for the ongoing support of that organization. The principal amount is kept intact while the investment income is available for use.
Q: How Does the Foundation invest the funds in its endowments?
The ACF invests mainly in well established companies with a history of growing earnings and dividends. Most of these companies will be in mutual fund portfolios like Vanguard’s Dividend Growth Fund. Currently the ACF endowment accounts earn approximately 5% a year.
Q: Does the Foundation invest in “green” companies?
Yes, the Investment Policy is to invest in companies that on balance are not harmful to the public and the environment.
Q: What are the Angeles Chapter Foundation’s administrative expenses?
The Foundation has few expenses because all work is done by its volunteer directors, with no staff expenses.
The Foundation does incur some administrative expenses, including insurance, bookkeeping, and printing and postage for fundraising mailings.