WSA Endowment Fund
The Endowment Fund was established in mid-1980 as a separate depository for bequests and donations to the WSA not designated by the donor for operating expenses.
The Fund also accepts any other funds received by WSA which the Finance Committee with the approval of the Board of Directors believes should be retained as investment capital.
The fund is designed to assist in financing major maintenance or other capital expenditures and to assure continuance of uninterrupted services to the members should a temporary financial problem develop.
As recommended by the Finance Committee and approved by the Board of Directors, proceeds from the Fund are also used to subsidize the annual operating budget.
