The reality of today’s lifestyle was envisioned over 30 years ago by a group of Junior League of Lansing women who realized that because of the increasing demands on a woman’s time, actual volunteer hours would be diminishing, including time for fundraising. On May 14, 1984, these women established the Junior League of Lansing Endowment Fund, whereby the principal would be invested and interest earned off the fund would be granted to JLL to help fund its Mission: developing the potential of women, improving communities and promoting volunteerism.
When Every Dollar Counts
The Fund started with $251 and today has grown to more than $500,000. It is administered by a Board of Trustees consisting of two JLL Sustaining Members who serve as Chair and Secretary, an Active Member of the League who is the immediate past Treasurer of JLL and who serves as Treasurer of the Endowment, and two members of the Community At-Large. The President-Elect of the League serves ex officio.
The Endowment is guided by a Declaration of Trust and has an established Investment Policy and Spending Policy. Annually 5% of the average of the Trust balance over the past 12 rolling quarters is tendered to the League to be used to support the JLL Mission. In 2014, the grant to the League was $27,684.02; in 2015 the allocation was $28,647.32; and in 2016, the amount was $29,082.68. The Endowment Board of Trustees meets quarterly and funds are managed by Tri-Star Trust Bank.
A Commitment to Growth
The fund grows through prudent investing, creative fundraising and individual contributions to the principal of the fund. More than 500 individuals have contributed to the fund since its inception.
Two annual drives are initiated by the Endowment Board to raise funds: an end-of-the-year Annual Giving Campaign and a “Round Up Your Dues Campaign” in January/February. In addition, contributions are received through Planned Giving, Special Fundraising Events and in memory or in honor of JLL members and friends.
Contributions to the fund can be made online or by sending a check, made out to JLL Endowment Fund, and mailed to:
The Junior League of Lansing
1231 Michigan Ave, Suite 204
East Lansing, MI 48823
All contributions to the Endowment Fund are tax deductible.
Consider a gift to JLL in your estate planning.
The JLL Endowment Fund Board has partnered with Tri-Star Trust Bank and its division, the Philanthropic Solutions Group for the investment management of the Endowment Fund and for the assistance of our members with their planned giving strategies and ideas.