Endowment

Endowments are permanent funds in which the principal is held in perpetuity and only the investment income is expended annually.

Endowment gifts provide long-term sources of funding for 4-H Youth Development programs across the state. Endowed funds support activities not just for one year, or even one generation, but forever.

4-H alumni, friends, and Cornell Cooperative Extension Associations may establish an endowment fund to benefit 4-H Youth Development programs in New York State through the NYS 4-H Foundation. An endowment established through the Foundation serves as a permanent named tribute in honor of a loved one or as a legacy to your commitment to 4-H Youth Development. Please consider establishing an endowment fund today and provide for future generations and promote lasting stability for 4-H programs.

For more information, please contact the NYS 4-H Foundation office.

Cornell University Long-Term Investment Pool
The Long-Term Investment Pool (LTIP) is similar to a mutual fund and includes both domestic and global investments. All securities are handled by outside managers. Funds invested in the LTIP include true endowments, funds functioning as endowments, and other funds that are not expected to be spent for at least three years. The objective of the pool is to produce a reasonable return coupled with capital appreciation.

LTIP transactions are processed each month using the unaudited unit value. At year end, if a significant fluctuation occurs between estimated and actual market values, a separate, audited, market value and unit value will be reported for June 30. If the audited and unaudited unit values differ, LTIP transactions will not be adjusted. The audited unit value will impact market values for reporting purposes only. For more information about historical market values and payout rates, please visit Cornell Accounting.

Payout
The payout for the LTIP is set annually by the Board of Trustees based on a payout policy adopted in 1998-1999. Beginning in July 2004 (FY2005), LTIP payout posts monthly based on one-twelfth of the annual payout rate and an account’s beginning-of-month permanent share position.

FY 2009 $3.00
FY 2010 $2.55