How The Educational Endowment
Will Work

In 2005, the Michigan Municipal League Foundation launched a three-year, $1 million fundraising campaign in order to create a self-sustaining educational endowment fund.

Interest income from this fund will be used to provide hands-on training programs for elected officials as well as ongoing educational materials via the MML website.

Investment income from the endowed fund will also be used to subsidize the cost of both traditional off-site training and web program development.

The MML Foundation Board of Directors will have ultimate responsibility for the fund’s investment portfolio, with additional oversight provided by the MML Foundation financial team. A professional investment manager will administer the portfolio on a day-to-day basis and a member of the MML Foundation financial team will serve as liaison, consulting regularly with the Board of Directors. The overall long-term investment strategy will be focused on achieving an annualized total return (net of fees and expenses) greater than the rate of inflation plus 5 percent. A complete copy of the MML Foundation Endowment Investment and Spending Policy Statement is available by calling (734) 662-3246.

Tax-deductible contributions* may be made in any combination of cash, stocks, securities and property. In addition, gifts may be pro-rated over the three years of the fundraising campaign.

* The Michigan Municipal League Foundation is recognized by the IRS as a notfor- profit 501c(3) corporation. All gifts are tax deductible to the fullest extent allowed by law. Besides outright gifts, there are many other ways to support MML Foundation: stocks and other gifts of securities, gift annuities, charitable remainder annuity trusts and unitrusts, and through estate planning.We invite you to contact us directly for details.

In recognition of their generosity and vision, individual and organizational donors will be formally recognized in various publications and press releases as well as in marketing materials and periodic reports.Major donors may work with staff members from the Michigan Municipal League to develop a unique recognition program.

To make a contribution to the Power of Knowledge Campaign, or to learn more about the endowment fund and the work of MML call the MML Foundation at (734) 662-3246 or print this online form.