A Good Time to Ask

Why endow my fund if it doesn’t payout in a down economy?

An endowment is about institutional longevity—making a gift in perpetuity. The decade that just passed was highly unusual—a period of incredible growth followed by a devastating recession. A longer perspective reveals a very different picture. UPMIFA* (Uniform Prudent Management of Institutional Funds Act) outlines how we should manage endowments.

Vance E. Dearborn ’49, ’69G
B.S. Civil Engineering
M.A. Public Administration

Evelyn Ellsworth Dearborn ’49, ’86G
B.A. Sociology, M.A. Liberal Studies
Orono, ME

*Information on UPMIFA can be found at UPMIFA.org