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Foundation outlines endowment management; first projects to fund Young Explorers Center and Petra exhibit
Summary
Foundation representatives described parking a new endowment in short‑term CDs before moving it to a main investment portfolio, adopting a 5% spending policy on interest, and using initial interest to fund a Young Explorers Center and a Petra exhibit that includes a full skeleton.
Foundation and museum staff told the committee a recently received endowment gift will be managed by the museum’s foundation with the goal of producing visible early impact and sustainable support.
Ryan explained the foundation’s approach: newly received funds were initially placed in short‑term three‑month certificates of…
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