In the past, donations where spent immediately (2018 Kitchen). We are all so grateful for these donations ! At the same time, they did not increase our long term financial stability.
LPEAA has created an Endowment Fund to secure the future of the Sisson Mansion and Active chapter.
All donations will now go into the Endowment Fund. The capital in the fund will be invested and never touched. LPEAA will receive yearly interest and use it for property maintenance. This will create a consistent yearly revenue stream and financial stability. In turn, the Active chapter will thrive through increased membership.
The fundraising goal is $250,000. When reached, it will generate $10,000 of yearly income, at a 4% interest rate, to cover property maintenance and contingencies for the next 50 years and beyond.