In addition to our annual operating needs, the Naperville Heritage Society seeks support for its endowments. An endowment is a pool of money invested for long-term growth and income, from which earnings are applied to a general operating budget or a specific program. The principal in an endowment is permanently restricted and not available for use. Endowments create a steady source of revenue for the organization and are a means to diversify funding.
The Naperville Heritage Society has three endowments: 1. The General Endowment supports ongoing operations. 2. The Acquisitions Endowment creates a permanent source of funds to purchase artifacts for the Naperville Heritage Society and Naper Settlement. 3. The Memorial Endowment creates a permanent fund to accept gifts made in your loved one’s memory.