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The Virginia Choral Society Capital Endowment Fund In 1999 the Virginia Choral Society established an endowment fund. The endowment fund is based on the principal being invested and inviolate for expenses. Only the earnings from this fund can be used for operating expenses. The endowment fund is managed by trustees named by the Board of Directors, who report to the Board annually on the status of the endowment. A gift to the endowment fund has the advantage of never being used up. Over time, earnings on the principal will far outweigh the value of the initial gift. Proceeds from the invested principal will initially supplement income from other sources. The Board of Directors hopes that in time the growth of the endowment will outweigh annual contributions to operating expenses and greatly strengthen the Virginia Choral Society. VCS has prepare an informational brochure that highlights several ways that contributors can support the VCS endowment fund. This is prepared to be used as a "tri-fold" brochure. Click on this link for an Adode pdf format of the brochure. Endowment brochure. In March 2004, VCS held the First Annual Gala for our Capital Endowment Fund. This was very successful and added over $5,000 to our endowment fund. The 2nd Gala was held in the Spring 2005. Details for the fundraiser for this year are not yet complete. But, check back soon for details. You'll have a wonderful time, hear delightful music and help VCS provide for a sustaining base of funding. Click here for more information about this year's fundraiser. For information on contributing to the VCS Endowment fund, please call the VCS at 757-851-9114 or e-mail us at Endowment@vachoralsociety.org.
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