Break Diving, Inc. is proud to have launched its own endowment. What does that mean? It means that we have opened an investment brokerage account (currently with David Lerner & Associates) that in time, will kick off interest and dividend income each month that will allow us to have a regular source of income to keep our charity running.
Ours is a semi-permanent endowment, i.e. the principal balance will never be touched except in the case of grave and unavoidable financial catastrophe, as determined only by the board of directors. In other words, Break Diving will only use the interest and dividend income from the endowment for operations, scholarships, and other expenses. Our ultimate goal is to surpass one million dollars, as that could kick off $5,000 (or more) per month, thus ensuring the perpetual existence of Break Diving, and ensuring that we always have scholarship money to offer to individuals worldwide.
Consider this: when someone makes a one-time donation that is entirely used for one expense, the money only does one good deed. But if the money is added to an endowment, and that endowment receives interest off of the principal, then that original donation does good deeds every single year by kicking off interest income! Cool, right?
For example, Harvard University has an endowment as well, and theirs is in the hundreds of millions of dollars. As a result, it kicks off hundreds of thousands of dollars every month that Harvard can use for good causes. The best part: most of that money was donated multiple decades ago! In other words, an investment into the Break Diving endowment... will live on. Forever. Isn't that fascinating?
Well, Break Diving is going to be around for a long while too. So we've started our OWN endowment, with the mission of getting to $1,000,000 by the year 2025. Currently, any donation of less than $25 will go directly to operating expenses. Any donation of $25 - $49 earmarked for the endowment will result in $10 going to the endowment, and the balance going to current operating expenses. Any donation of $50 or greater earmarked for the endowment will be split 50/50, i.e. 50% going directly into the endowment, and 50% going directly towards current operating expenses. Remember: we do not yet have enough money in the endowment for it to kick off any considerable income at the moment, which is why any donation must be allocated to both the endowment as well as operating expenses.
Right now, our aim is to reach $5,000 so that we can start receiving regular monthly income of about $20/month. That $20/month would pay for our GoToMeeting classroom... forever. Once we get to $10,000, we'll be making about $50/month in passive investment income, and then our monthly Pipedrive expenses will be covered as well... forever. See how this works? We are trying to work smarter, not harder.
Will you help us fund our future and become a part of history by making a contribution to our endowment too? Just $25 is all it takes, and will help keep us offering our positive career and life growth services to people around the world. Remember: the more money we have in the endowment means the less time we have to spend trying to raise money... because the endowment will eventually pay our monthly expenses. Ahhh, that'll be a great day!
Will you please ensure the longevity of Break Diving by making a contribution to our endowment too?
The following individuals have made the endowment what it is today. We thank each of them for their contribution to the permanent funding of Break Diving and hope to have your name up there soon too! NOTE: if you are listed with your name and wish to change to an anonymous listing, please let us know.