Cranberry Legacy Endowment

 

Investment Results of Past Endowments

Time is the friend of all endowments and it is a powerful tool. You may wonder what a $10,000 Legacy Endowment can do if it is only going to contribute 5% a year to its beneficiary. With good investment and time supporting that endowment, the answer is a lot. Here are four examples of actual endowments managed by the Pittsburgh Foundation which appeared CTCC's 2009-2010 Annual Report.

What can your Legacy Endowment Accomplish?

Christopher W. and Karen G. Pelham Fund
Type: Designated 
Established: 1973 
Initial Gift: $35,361 
Grants Awarded: $139,672 
Current Balance: $151,735

William Harper, Jr. Family Fund
Type: Medical Research 
Established: 1979 
Initial Gift: $103,584 
Grants Awarded: $303,792 
Current Balance: $436,900

Mark V. Lindsay Scholarship and Aid Fund
Type: Scholarship 
Established: 1981 
Initial Gift: $59,722 
Grants Awarded: $166,134 
Current Balance: $249,121

Virgil T. Scott's Sons Memorial Fund
Type: Field of interest 
Established: 1962 
Initial Gift: $50,000 
Grants Awarded: $236,302 
Current Balance: $273,072

Examples of actual funds*

* These are actual results of funds under management by The Pittsburgh Foundation. The names of the funds have been changed to safeguard the privacy of their donors.