The Macenas Fund
 
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Philosophy, Objectives & Current Endowment The Fund's mission requires a long-term commitment. Thus, it is our intent for the Fund to become self-sustaining through raising funds from the general public and grants from other entities (charitable, corporate or government). These resources will fund our scholarship awards, support program activities and build an endowment.

To ensure maximum impact, the officers and directors serve the Fund entirely on a volunteer basis. We do this because we want as much of the Fund's resources to be applied to supporting our scholarship recipients as possible.

With improving technologies and the business experience of our directors, we believe the Fund can be administered strictly on a volunteer basis until the endowment is built well into the tens of millions of dollars.

Clearly our commitment is a long-term and costly one. We estimate our commitment will take $2 - 3 million in endowment funds per school sponsored.

Our initial seed capital has been provided by our directors and associates who know our directors and believe in our mission. However, this amount alone is inadequate to enable the Fund to become the self-sustaining entity we envision.

As of June 30, 2009, our Endowment was $450,756.