Oklahoma’ s International Bluegrass Festival has established an endowment fund at the Oklahoma City Community Foundation. The endowment fund was established with combined funds from Oklahoma’ s International Bluegrass Festival and a matching endowment grant from the Kirkpatrick Family Fund, www. kirkpatrickfamilyfund. org.
The sole intention of an endowment is to invest it, so that the total asset value will yield an annual sustainable source of income for the organization to use in perpetuity.
Endowment funds follow a fairly strict policy allocation without taking on too much risk. This provides donors with tax-related benefits for their contributions.
“ OIBF has taken an important step in continuing our mission for generations to come,” Kelsey Avants, board member, said.“ It is our goal to raise $ 2.4 million for the endowment fund which will keep the festival going indefinitely. We intend for the endow-
Endowment Fund SUPPORT OIBF- DONATE TO THE ENDOWMENT FUND
ment fund to provide us with an annual source of income as well as make it easy for supporters to donate a variety of gifts to our organization.”
If you are interested in making a contribution, make checks payable to OIBF at P. O. Box 1585, Guthrie, OK, 73044 with“ Endowment” noted on the subject line.
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