June 26, 2007

$$$

Today is the day when we start the final analysis of our fiscal year. 80% of all funds contributed/raised will be transferred to the Guild Endowment Fund's principal. 20% stays in the Guild Endowment Fund restricted account to use for operating and seed money for member-originated activities. It has been a year of catch up where for the first time the Guild will raise funds in one year and spend in the next. In the past, the Guild raised and spent the funds in the same year saying prayers and crossing fingers that there would be enough money to pay the bills and meet our project commitment. It will be exciting to see how much closer we are to our $1 million endowment by 2010 goal.

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