IC&RC Endowment Fund is the primary endowment fund maintained by IC&RC….
IC&RC Endowment Fund is the primary endowment fund maintained by IC&RC. It has been established as a general gift fund which is perpetual in nature and its main objective is to ensure long-term sustainability of IC&RC’s operations as well as to fund any future capital costs related to renovation, replacement or expansion. IC&RC solicits contributions from persons, groups and organizations for the Fund which will consist of all future sums transferred to the Fund and all accumulations and additions thereto. The principal of IC&RC Endowment Fund is not to be used by IC&RC. It is invested in secure, high return long term schemes according to the investment policy guidelines. Only the income or return on this investment is used for the designated purposes. The investment generates regular and perpetual income to supplement other sources of funds, gifts, and contributions made for various programs, projects and routine operations of IC&RC.
