Annual Disbursement

The Endowment’s Investment Committee uses a prudent investment strategy guided by an established Investment Policy to manage growth of the principal. The annual disbursement to MBEF is limited by the Disbursement Policy, which is aligned with the prudence standards outlined in the Uniform Prudent Management of Institutional Funds Act of 2006 (UPMIFA).

Initiated in 1986 with just $10,000, it took nearly three decades before the Endowment crossed the $10 million mark and made its first disbursement of $116,000 in 2014. Since 2021, the Endowment has disbursed over $10 million in total toward MBEF’s annual grant—nearly 20% of the total funding directed to our schools each year—regardless of fluctuations in the economy or shifts in state priorities.

As the Endowment principal continues to grow, the annual disbursement to our schools will grow as well. The long-term goal is to reach a point where investment returns help offset the instability of public-school funding. That is the enduring power of the Endowment.