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Committee approves donor‑designated memorial fund agreement with Waukesha County Community Foundation
Summary
The finance committee approved a donor‑designated fund agreement with the Waukesha County Community Foundation to manage the Waukesha Christmas Parade Permanent Memorial Fund; staff outlined a distribution policy that would yield roughly $24,000 annually on a roughly $519,000 portfolio under a 4.5% draw assumption.
The Waukesha City Finance Committee voted unanimously May 27 to approve a donor‑designated fund agreement with the Waukesha County Community Foundation to establish a permanent memorial fund for the Waukesha Christmas Parade.
Tony (staff) told the committee the foundation received a state grant and additional gifts that will be part of the donor‑designated fund. Tony said he did not have an exact figure at the hearing but referenced about $519,000 in the packet when describing the fund’s size and said the foundation’s distribution…
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