Our Victories Forever Endowment Campaign is now completed and we are happy to report that we exceeded our $3 million goal by 3 percent! We are grateful to all who have donated including many individuals and foundations. Our board was a huge part of the success with 100 percent contributing to this endeavor as well as giving significant time to ensure success. Increasing our Endowment Fund will help sustain Fieldstone Farm long into the future.
Our board-designated endowment fund, managed by the TRC Foundation Board, began the campaign with assets totaling $3.4 million. The goal was to increase the fund to $6.5 million, which we surpassed. With an annual five percent payout policy directed to supplement the Fieldstone Farm yearly budget, these additional resources will sustain, develop and improve programs for many years to come.
The Fieldstone Farm annual budget is just over $1.8 million. Student fees make up just under one quarter of this budget and the generous annual donations of corporations, individuals, foundations and community organizations, along with annual fundraising events and endowment support represent the remainder of the required revenue. As the economy causes budgets to tighten and expenses associated with special needs equipment and therapies to increase, additional support is critical. Support for Fieldstone Farm gives all participants the opportunity to experience the benefits of these exceptional programs.
Donations to the Endowment Fund are always welcome. To donate click here and select Endowment Fund as your Gift Designation.