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How does the SCOC F work? There are __ steps:
- If you have a specific goal, you discuss that with us.
- You make a donation, whether by cheque or online donation, or as a bequest.
- We invest your donation.
- We spend money to achieve your goal.
Donations restricted to specific goals are invested in very safe, fixed-return funds such as a high-interest savings account. That’s because we plan to spend that donation in a short time.
Donations for the endowment fund may be invested in stocks selected for both long-term capital appreciation and also for high dividend returns. The earnings from these investments are available to support long-term projects.
General donations cover our expenses – mainly accounting fees and mailing costs. Surplus general donations, as they become available, are invested into the endowment fund.