The HBEF Endowment Fund is a permanent fund that will provide a stable source of funding for our schools once reaching our objective of $2 million. Since 1992, our endowment fund has steadily grown through the annual contribution of 20% of HBEF funds raised, direct donations to the endowment and investment gains. As of June 2012 the balance of the fund exceeds $950,000. Based on 2011-2012 HBEF fund raising, the 20% contribution is projected to be $44,000.
Anyone can give to the HBEF’s endowment fund, and by doing so you’re investing in the future of both our schools and our community. Gifts of appreciated marketable securities are also accepted. For more information on the endowment fund and ways to participate please email: Patrick Goshtigian