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Support > Sub Section
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POLICY STATEMENT
KLRN ENDOWMENT FUND, INC.
- The KLRN Endowment Fund, Inc., (the “Fund”) is a non-profit corporation 501(c)(3) under the laws of the State of Texas, and is governed by its Board of Trustees, for the purpose of establishing, maintaining and operating an endowment to support KLRN TV.
- An individual may establish a “named endowment” for a gift amount of $100,000 or more. The purpose of the endowment may be to support a specific area of programming, a special project, or KLRN-TV operations. The gift, its purpose and restrictions are subject to the approval of the Gift Acceptance committee of the Board of Trustees of the Fund.
- The Fund has established a “general endowment” to support KLRN’s operations, including programming areas, including (but not limited to) performing arts, science, and natural history programming; production areas, including (but not limited to) community outreach, documentary, series and special projects; general operations, including (but not limited to) administration, marketing, research, development, telecommunications and broadcast; and technical equipment, including (but not limited to) acquisition, maintenance and repairs. Individuals may contribute any amount to the general endowment.
- The Gift Acceptance Committee of the Board of Trustees of the Fund shall have the responsibility for approving the acceptance of all restricted gifts and all non-restricted gifts other than cash, including but not limited to real property.
- The Investment Committee of the Board of Trustees of the Fund shall select a money manager to invest the assets of the Fund and shall provide guidelines for the money managers and shall review the performance of such money manager.
- The Fund shall prepare an annual report that shall be made available to the public of its endowment assets and investment performance. Accurate accounts shall be kept of the general endowment and of each named endowment.
- The Board of Trustees shall establish the amount each year that the Fund may distribute or expend from the “available funds” of a named endowment or from its general endowment. “Available funds” include any amount over the original gift amount, but the original gift amount (corpus or principal) shall be held intact and cannot be invaded.
- If it becomes impossible to carry out the purpose of a named endowment, the Board of Trustees, upon an 80% vote of the Trustees (and, after consultation with and agreement of the donor, if living), may change the purpose of the named endowment to another similar purpose, or may transfer the assets of the named endowment into the Fund’s general endowment.
- The Board of Trustees can amend this policy at its discretion at any time upon a written consent of 80% of the Trustees; provided, however, Section 7 and Section 8 of the Policy Statement may not be amended in any manner with respect to any endowments which have been made or pledged prior to the date of any changes made. The terms of this policy will not be interpreted as donor required limitations or restrictions. Any donor required limitations or restrictions must be stated in a written instrument of gift agreed to and signed by the Fund.
 For further information, contact Cynthia Shields at cshields@klrn.org or 210.270.9000, ext. 2222.
Named KLRN Endowment Funds
Investment Policy Statement
KLRN Endowment Fund, Inc Board of Trustees
Planned Giving
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