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Committee approves donor-designated memorial fund agreement with Waukesha County Community Foundation
Summary
The finance committee approved an agreement with the Waukesha County Community Foundation to establish a donor-designated permanent memorial fund to maintain parade memorials on Main Street and in Grady Park.
The Waukesha City Finance Committee voted unanimously to approve a donor-designated permanent memorial fund agreement with the Waukesha County Community Foundation to support maintenance of parade memorials on Main Street and in Grady Park.
Tony (last name not specified), a city staff member presenting the item, said the foundation received a state grant and that the fund as presented contains about $519,000 in assets. He summarized the foundation’s fees and distribution policy: the pooled endowment charges a quarter-percent fee each quarter (1% annually) and the…
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