Hike and Bike System Master Plan Hike and Bike System Master Plan | Page 269

HIKE AND BIKE SYSTEM MASTER PLAN
• Historic preservation and beautification
• Arts and culture
• Libraries
• Environmental and energy conservation
• Parks and recreation
• Animal services
• Youth and families
The foundation oversees an endowment fund created from natural gas revenues on cityowned property . Ninety percent of gas well lease bonus earnings and fifty percent of all royalties earned on wells go to the permanent endowment . The interest earnings from this fund will be distributed to charitable and government organizations through grants to help improve the quality of life for the citizens of Arlington . In its first year of operation , the Foundation contributed more than $ 2 million to charitable and city organizations dedicated to serving the people of Arlington .
Appendix D : Funding Resources | D-15