Heifer Foundation
The Heifer Foundation manages the endowment of Heifer International, an organization dedicated to eradicating global poverty and hunger. Heifer Foundation was established by the board of Heifer International in 1990 to build an endowment to generate ongoing support for the work of Heifer International, to educate the public, and to serve as a fiduciary for donors.
As of December 31, 2005, the Foundation's assets and commitments totaled almost $73.2 million, with an endowment of $32.9 million; $21.9 million in trust and annuity funds; and gift commitments totaling more than $17.8 million.
Ardyth Neill, a veteran of Heifer International and the Foundation is interim CEO of the Heifer Foundation.
The Chronicle of Philanthropy’s 2004 Endowment Survey ranked the Heifer Foundation second out of 160 nonprofit organizations for “Return on Endowment Investments.” The survey also determined that the Heifer Foundation spent the least on operating expenses, relative to the size of its endowment.
Read more about this topic: Heifer International
Famous quotes containing the word foundation:
“The Bermudas are said to have been discovered by a Spanish ship of that name which was wrecked on them.... Yet at the very first planting of them with some sixty persons, in 1612, the first governor, the same year, “built and laid the foundation of eight or nine forts.” To be ready, one would say, to entertain the first ship’s company that should be next shipwrecked on to them.”
—Henry David Thoreau (1817–1862)