Investing
in the Co-op: PCEI
By Tom Lamar,
from the April newsletter
The Palouse-Clearwater Environmental Institute (PCEI) Board of
Directors voted in February to loan $50,000 from the PCEI Endowment
Trust Fund to the Moscow Food Co-op for its move to the new location.
Five years ago, the PCEI Board of Directors established the PCEI
Endowment Trust to demonstrate our on-going commitment to the
community, and to allow a vehicle for donors to express their commitment
to
PCEI's mission. The PCEI Endowment Fund is a never-ending, open
account composed of gifts of cash, stocks and bonds, and other
securities, which is held in perpetuity for the permanent use
of the PCEI mission. Since 1986, through education, community organizing
and hands-on projects, PCEI assists members of our communities
in making environmentally sound and economically viable decisions
that promote a sustainable future.
Gifts to the PCEI Endowment Trust are investments in our community's
future.
The principal of the Trust Fund is not available to PCEI in any
way for our general operating expenses, but rather is invested
in a socially responsible manner that also earns money for PCEI.
Income generated by the endowment supports our projects each year.
By loaning this money to the Moscow Food Co-op, the PCEI Board
of Directors recognizes both the strong community value of the
Co-op, and the wise financial investment in this community's
future. The PCEI Board of Directors is honored to help support
PCEI's long-term future through this investment back into
our own community. We can see no better way to provide for our
future, than by investing in our community, our downtown, our Co-op.
Community members considering making gifts toward the PCEI Endowment
Trust will be pleased to know that their gift not only helps
PCEI, but is also invested to help other local interests as well.
You
can learn more about the PCEI Endowment Trust and PCEI's work
at http://www.pcei.org.
Tom
Lamar has been a lifetime member of the Co-op since 1984 and PCEI¹s
executive director since 1990. |
