The Endowment Fund is intended to provide a means for supporters of the SFMNPA to make gifts and bequests to provide a permanent endowment, the income of which will help sustain the programs and capital projects of the SFMNPA. All funds donated to the Endowment Fund will be institutional funds within the meaning of the California Uniform Prudent Management of Institutional Funds Act (California Probate Code §§ 18501, et seq.) (“UPMIFA”) and will be administered in accordance with that Act and the Policy.
1. Named Gifts ($50,000+): The first ten (10) donors who give assets valued at $50,000 or more per donor shall obtain the right, in perpetuity, to have a name of their choice attributed to all disbursements from the Fund resulting from income generated by their gifts.
2. Named Gifts with Directives ($100,000+): The first ten (10) donors who give assets valued at $100,000 or more per donor shall obtain the right, in perpetuity, to have a name of their choice attributed to all disbursements from the Fund resulting from income generated by their gifts and to direct which qualified entity or entities (such as a school whose students wish to participate in SFMNPA programs), SFMNPA project or SFMNPA program shall receive the disbursements in their names. If changed circumstances substantially interfere with the beneficial realization of the purposes of the directive, the Endowment Committee or the Board of Trustees, in consultation with the donor where circumstances permit, may redirect the funds for such other similar purposes as are consistent with the donor’s original interests and intentions.
The Board of Trustees may, by subsequent resolution, periodically authorize the establishment of additional named gifts and/or named gifts with directives beyond the ten initially authorized herein, at such minimum donation levels as they may hereafter determine.
To speak about gifts to San Francisco Maritime National Park Association’s Endowment please contact Darlene Plumtree, CEO, at (415) 710-7332 or DPlumtree@maritime.org