Our Endownment Fund
Regentonians and Supporters,
Sierra Leone Grammar School Alumni Association of North America (SLGSAANA) Washington, DC Metro Area Chapter has established an Endowment (Restricted) Fund to provide increased help to our school.
The purpose of the Sierra Leone Grammar School Alumni Association of North America Washington District of Columbia Metro Area Restricted Fund is to provide funds for special projects, outside of the yearly operational expenses (scholarships, awards, stipends, etc.) for the structural, academic, and religious/spiritual growth of the Sierra Leone Grammar School.
What is the Sierra Leone Grammar School Endowment Fund?
The Sierra Leone Grammar School Endowment Fund is a sustainable source of funding for our beloved alma mater. The fund will enable the school to tackle the growing slate of critical projects. Donations can be made in the form of a gift, money, or property, to the SLGS, the income of which benefits the school. You may earmark a project, and the income, not the principal, goes to that project for the benefit of the school. The principal remains in the Fund to generate future income. Or, if you so desire, the donation may not be earmarked for a special project, but goes to the general fund, and the income also benefits the school. All donations are to be made in the name of the Fund.
Why an Endowment Fund?
The majority of members, including eminent alumni, are cognizant that the future needs of school would require increased funding. Moreover, the Strategic Plan for the SLGS 2016-2026 (to be adjusted every five years), calls for efficient and effective management of the school; appropriate facilities (library, laboratory, recreational facilities, classrooms); and sustained by reliable and adequate funding.
Serious, deliberate and more enhanced investments (stocks, bonds) have to be made to meet the rising needs of the school - the present financial funding is inadequate. For these reasons, we need an Endowment Fund.
The SLGSAANA- WASHINGTON, DC METRO AREA CHAPTER, wants to give more help to the school from the income of funds derived from the Endowment Fund, outside of its yearly operational support (scholarships, subsidies, awards, etc.) of the school. Furthermore, we want to ensure that future financial support of the school remains unbroken.
How will the Fund be managed?
When funds are requested for special projects by the school, the request will be evaluated by the general membership, and if deemed appropriate, approved by majority vote of paid members, then submitted for consideration by the Endowment Fund Board. A majority vote by the Board is required for approval.
The Board is composed of five (5) members, three (3) of whom are ex-presidents (elected by the Committee of Ex-Presidents), the rest elected by the general membership of the SLGSAANA-WASHINGTON, DC METRO AREA CHAPTER. The Board is comprised of a Chairman, Vice Chairman, Secretary, and Treasurer and another member.
The Fund is to be audited once a year, by a hired independent auditor.
The Board meets quarterly, one of which must be, in person. The Board reports, quarterly, through the Chairman, to the entire membership of the SLGSAANA-WASHINGTON, DC METRO AREA CHAPTER. Investments are managed by an investment company, in consultation with the Board, if necessary.
How can you help?
The SLGSAANA- WASHINGTON, D.C. METRO AREA CHAPTER, is a 501(C)3 organization. Your donations are tax-deductible and confidentiality is assured. You may get in touch with any of the Board members directly. These are the suggested ways you can give:
Donations: Gifts for special activities will be designated as stipulated by the donor.
Bequests: Gifts, after the death of the donor may be in the form of cash, securities, personal property, real estate, or assets accepted by the Board.
Cash: All legitimate cash donations shall be accepted, regardless of amount.
Life Insurance: Life insurance, in the form of a gift, is acceptable with the Fund designated as owner or beneficiary.
Tangible Personal Property: Gifts Jewelry, coins, etc.) Of tangible value will be accepted.
While thanking you for your anticipated support, we remain,
Sincerely yours,
Members of the Board
Members of the Board
Robert A. Thomas, Ph.D.
Chairman
Tel: 703-503-9604 (HJ)
Tel: 202-832-8787 (Of)
Email: quellglance@aol.com
Radcliffe M. Thomas, MD
Vice Chairman
Tel: 410-419-8480 (CJ
Tel: 301-854-1194 (HJ
Email: rthomas37@aol.com
Mr. George Nicol
Member
Tel: 301-522-2457 (HJ)
Tel: 301-661-4684 (CJ)
Email: gsnicol@co.pg.md.us
Mr. Alexander Williams
Treasurer
Tel: 301-404-1635
Email: Jexiwilliams@hotmail.com
Mr. Jonelle Williams
Secretary
Tel: 443-854-8837
Email: Jonellewilliams7@gmail.com
Please click on the Icon below to make a financial contribution to our Endowment Fund
For Other types of contribution(s), Please liaise with a board member. We appreciate your support