Grants

Grants may be made from an Endowment Fund beginning one year after the Fund has been established. The Board of Trustees will adopt an annual spend rate.  The spend rate is the policy for distributing money from endowment funds that attemps to both preserve the capital investment and provide adequate income to the beneficiary while complying with state law.  Texas law currently identifies a prudent spend rate of five percent or less of the value of a fund averaged over a three year period or for new funds valued over the life of the fund.

Information on the Grant application process will be published here prior to grant making. 

 

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