The Mankato Area Foundation has chosen to implement a spending policy based on a percentage of portfolio smoothing term model, which provides the most consistent spending levels in perpetuity. The purpose of this spending policy is to establish the annual granting allocation for the Foundation. The Foundation is entrusted with the investments and management of the endowment and with carrying out the wishes of its donors in the best interest of the Greater Mankato community.
Granting for purposes of the spending policy will be defined as grants, gifts and scholarships. The spending policy is designed to:
Too see a copy of our Spending Policy, click here.