UVTG Endowment Fund

The Ukiah Valley Trail Group is pleased to announce we have set up an “Agency” fund with the Community Foundation of Mendocino County. The newly created Ukiah Valley Trail Group Endowment Fund was created with an initial deposit of $15,000 for the purpose of establishing an endowment from which interest returns will be used to support the mission of the UVTG. The UVTG Board of Directors have established a policy of contributing 10 percent of annual donations or two thousand dollars per year, which ever is greater, to the fund. Although the funds are available at any time at the boards request, the board has set a goal to build the fund to at least $100,000 before tapping into any of the interest or capital. 

“We know of at least three people who are planning on leaving part of the their estate to the trail group, so we feel this is a good and realistic investment in future trail projects,” said board member and Treasurer Tim Pletcher.” The board believes the presence of this fund will encourage others to consider the trail group in their estate planning as well.

“When you think about it, you realize that with $100,000 in the fund we’d likely make about five thousand in interest each year which would be really significant for us. And,” Pletcher continued “if one person made a really significant contribution, it could be a complete game changer for us.”

Donations to the fund can be of any size and can be made directly to the Community Foundation or to the UVTG with a note stating the donation is specified for this fund.