In 1999, the Junior League of Houston created the Community Endowment. In 2005, a separate organization, the Junior League of Houston Foundation, was created and Community Endowment assets were transferred to the new Foundation. The Foundation’s board is charged with overseeing the management, investment and distribution of funds. The purpose of the Community Endowment Fund is to sustain and expand the League-designated Community Program in perpetuity, as well as help fund new initiatives. The Junior League of Houston is grateful for your commitment and generosity. Because of supporters like you, the Junior League will remain a powerful resource for the Houston community for generations to come. Together the League and its donors are indeed “Building A Better Community.”
Purpose: The purpose of the Junior League of Houston Foundation is to sustain, expand and initiate League-designated Community Program in perpetuity.
Goal: The Community Endownment Fund was established with a goal of ten million dollars. Currently, the Community Endowment Fund is valued at approximately $13.7 million.
Oversight and Fund Management: The Junior League of Houston Foundation is responsible for the oversight and fund management of the Community Endowment Fund. The Foundation Board includes four community directors, three active League directors and two sustainer directors.
Time Frame: The initial kickoff of the Community Endowment Fund campaign spanned three years (1999 – 2002). The League continues to raise funds in support of the Community Endowment Fund on an ongoing basis.
Income Disbursement: Income generated by the Community Endowment Fund is intended to provide a safety net for League programs should other sources of revenue fall short. The availability of such income also allows the League to act quickly to address unmet community needs and to participate in important collaborations. Upon approval by the foundation’s board, a portion of the earnings on the Community Endowment Fund may be available to the Junior League of Houston each year to help sustain, expand and initiate League-designated Community Programs, including community projects, community assistance, and community initiatives. In 2012 – 2013, the first gift from the endowment was made to the League’s Community Program in the amount of $75,000. Since then, over $1.5 million has been disbursed in the greater Houston community.
Disbursements by fiscal year:
2017 – 2018 $ 245,000
2016 – 2017 $ 320,000
2015 – 2016 $ 320,000
2014 – 2015 $ 310,000
2013 – 2014 $ 300,000
2012 – 2013 $ 75,000
Investment Strategy: The investment strategy of the Foundation is to emphasize total return, the aggregate returns from capital appreciation and dividend and interest income.