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The Endowment Fund
The Endowment Fund will be administered by a group of Trustees appointed by the Board of Directors, and answering to them. The Endowment Fund is a restricted fund, and will be used solely to provide income for Preserve projects. The money you give to the Fund will be used only for income for these purposes, and principal may not be invaded. This an excellent way for you to "give to the future" of our Preserve, and to help generations yet to come to know and enjoy the real Florida. Since Friends is a 501(c)(3) public charity, there may be ways for you to give which will help Friends while providing advantageous treatment for you on your Federal income taxes. Please discuss this with your attorney or tax advisor. If they are interested, we can provide contacts with professionals who can offer advice. The fund may accept gifts of real property, but these shall either be conveyed to the State of Florida, or sold at the market as soon as practical. Gifts of stocks and bonds shall likewise be sold at the market, and the proceeds invested. The gifts we give today are transitory, and the support they provide is soon consumed in day-to-day needs. But a gift to the Endowment Fund will keep on giving far out into the future. Learn about the William Bartram Society Questions? We can help - contact us via email or call George Edwards, President at 352.333.3184. |
In order to better provide for the needs of Paynes Prairie Preserve State Park over the coming years, the Board of Directors of the Friends of Paynes Prairie, Inc. has established an Endowment Fund, in perpetuity, the proceeds of which shall be used to provide income for programs of Paynes Prairie Preserve State Park.