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The AIC Endowment is funded through income from specific AIC events and/or contributions declared by the AIC Board of Directors on a semi-annual basis. In addition, voluntary contributions from Association members, Society members, or other unspecified benefactors are graciously accepted as well. All contributions are invested in the Endowment Fund as principal, which will be left intact as long as the AIC is in existence. The investment income of the Fund, including interest and all other return on investments, is made available in the form of grants to individuals and/or organizations which serve the primary purposes of the AIC, primarily, Youth in Harmony programs and events. |
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