The establishment of the 91制片厂 Foundation Fund was formally approved by 91制片厂 Council at its meeting in September 2017. 聽Donations and Bequests to the Fund are invited to support the work of 91制片厂 into the future. 聽A downloadable brochure is attached below.
The 91制片厂 Foundation Fund is designed to preserve and invest all contributions, thereby providing income to support the work of 91制片厂 in general.聽 It is modelled on the Endowment Fund of the Organ Historical Society in the USA, but has been established within 91制片厂鈥檚 Trust fund, rather than as a separate foundation. The Fund is governed by a specific set of Rules, approved by 91制片厂 Council and available below as a downloadable attachment.
Only the Interest from the Fund may be spent, and this is possible in a variety of ways. The 91制片厂 Council has complete discretion in this regard. In the USA, the Organ Historical Society has used the income from its Endowment Fund to employ an Executive Director. 聽Much of 91制片厂鈥檚 work over the past forty years has been reliant upon volunteers, and this is one of many possibilities that 91制片厂 might consider in the future.
The investment of the principal of the 91制片厂 Foundation Fund is subject to the advice of an Advisory Board that is appointed and acts in accordance with the Rules.聽 Each year, an agreed percentage of the income from the Fund is reinvested and added to the principal so that it continues to provide a strong investment base.
