ENDOWMENT FUND

LIFT Foundation has established an Endowment Fund for the purpose of providing continued financial support for innovative research projects that would benefit local communities. We want to raise a minimum of  US $1 M (one million) as the capital for this fund. The endowment fund’s capital will be kept in the United States and be invested in stable, publicly traded stocks and mutual funds in the United States. The entire capital, and all investments will be kept in the United States, as U.S. laws and regulations provide the security guarantees and protections for LIFT’s finances.  All financial operations, including the annual dispersion of funds for the research projects, will be carried out from the United States.

The Endowment fund will have built-in protections to ensure the preservation of the capital and also to provide continued support for academic programs even during the years of negative returns of the U.S. stock market. The fund will be managed by a voluntary board of directors, all of whom would be bound by U.S. laws. U.S. Treasury and State Department regulations also bind the recipients of funds from U.S. charities.  All these measures will ensure the integrity of the Endowment fund and its operations and make sure that the funds are used for the intended purpose, even beyond our lifetimes.