Frequently Asked Questions

  • What is an endowment?

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    An endowment is a permanent investment in the future of the Wylie Independent School District. Endowment funds are invested, rather than used as cash for immediate needs. The amount given by the donor (the "principal") is never spent. A portion of the earnings from the endowment fund is distributed annually for the donor's intended purpose (i.e. grants or scholarships). The Wylie ISD Education Foundation, Inc. has numerous donor-designated endowment funds that support the Wylie Independent School District. At the time the donor makes a gift, the Foundation prepares an agreement which documents the donors intended use of the endowment and the Foundation's administration of the fund.
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  • Who invests the endowment funds?

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    The Wylie ISD Education Foundation, Inc. Finance Committee sets an investment policy for the endowment investment pool and chooses an investment manager to invest the funds. The investment managers' investment performance is consistently reviewed by the Foundation's Audit and Finance Committee.
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  • How is the principal invested?

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    The endowment funds are diversified between fixed income and equity holdings. The asset allocation is determined by the Wylie ISD Education Foundation, Inc. Board of Directors.
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  • How much is made available for distributions?

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    The Wylie ISD Education Foundation, Inc. Executive Committee establishes policies to determine the amount of the endowment that is to be made available to be awarded from endowment earnings. The current policy states that a $10,000 endowment generates a $500 award.
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  • What is the minimum funding level for an endowment?

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    The minimum funding level for a named endowed scholarship or program endowment is currently $10,000. Donors can choose to spread their contributions over a period of up to five years.
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