Sun, Nov 22 2009
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'Challenge' starts endowment to aid rec complex By Mary SpicerMoney given to the Crawford Heritage Foundation stays with the foundation, Maher explained. Any money given to the endowment is permanently invested. ‘We take it and add it to all the other money we have for investment purposes, so it has the power of the other $8 million we’ve got. Each year, we take a flat 4.5 percent and return it to the organization.”
They’ll start small. Once the MARC endowment reaches the $5,000 minimum, for example, $45 will be disbursed each quarter. As the endowment grows, so do the disbursements. YOU CAN PARTICIPATE Write to the Crawford Heritage Foundation, PO Box 908, Meadville, Pa. 16335; call 336-5206; or visit www.crawfordheritage.org. 
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