MEF Endowment: Our First $1 Million
Someone is sitting in the shade today because someone planted a tree a long time ago.—Warren Buffett
The MEF Endowment Fund was established to create a self-perpetuating source of income for Moraga schools. Donations to the Fund are invested, and MEF may use a portion of the investment earnings as a source of permanent funding.
Our Goal: Plant the Orchard
MEF's goal is to reach $1 million or more in endowment funds.
Benefits of the Endowment Fund
- Adds a distinct, stable source of funding
- Evens out lean years of annual fundraising
- Enables MEF to confidently commit resources to core curriculum and enrichment programs
How the MEF Endowment Works:
- Donation principal is preserved in perpetuity to earn interest, dividends, and capital gains.
- Only interest, dividends, and gains earned on principal may be spent.
- In a single year, 5% of the total endowment balance is permitted to be spent.
- Spending will not begin until the endowment reaches a total balance of $1,000,000.
How the MEF Endowment Fund is Managed:
In 2008, MEF formed the Endowment Investment Committee to guide the Funds’ investment strategy. The Committee members, Herb Gordan, Peggy Cabaniss, and Gary DeWeese are longtime Moraga residents who have significant investment and financial services expertise.
Herb brings over 36 years of investment experience. He managed funds exceeding $33 billion during the time he served as Treasurer of the Regents of the University of California. Herb has been a Moraga resident since 1972 and his children attended Moraga schools.
Peggy is a founding member of MEF. She is also president of HC Financial Advisors. She has lived in Moraga for over 36 years and her children attended Moraga schools.
Gary is a principal of RE Strategic Solutions and a former Assistant Treasurer and Investment Officer for the Regents of the University of California. Gary has been a Moraga resident for over 30 years and his children attended Moraga schools.
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