Building an Endowment Fund has been a priority of the Foundation since inception, and was created with the intention of stabilizing the organization and providing interest that could be used to award future grants. In 1990, Excellence in Education Foundation board members made a commitment to set aside a portion of annual fundraising revenues to grow an Endowment to $1.5 million.
Under the leadership of past President, Scott Ryan, the Endowment House was built at Northstar, largely with the donation of materials, labor, and money, realizing over $600,000 to the Endowment.
Despite fluctuations in the economy, the Foundation met its $1.5 million goal in 2005 and has continued to grow its Endowment while also gifting up to 3.25% of the three-year trailing average investment balance. The Endowment Fund is currently held at the Tahoe Truckee Community Foundation and has grown to over $2.5 million.
TAHOE TRUCKEE READS
Excellence in Education is the lead organization for this Collective Impact Model where TTUSD and several community organizations are working together to improve grade level reading proficiency in our community.
As a result of our collective commitment to this campaign, Tahoe-Truckee received the 2012 All-America City Award from the National Civic League based on our ambitious plan to ensure that more children are reading at grade level by the end of third grade.
Each year, 2013 - 2018, the National Campaign for Grade-Level Reading recognized Tahoe Truckee as a Pacesetter Community for making measurable progress toward our goals. For more information, visit www.TahoeTruckeeReads.org.