Endowment Fund

The Viking Endowment Fund was created in 2000 with a transfer of $3,810 from the William Joshua Phelps fund as a foundation
upon which future financing and charitable work could be based. As with many such endowment funds the Viking Endowment accepts
contributions and pledges from Vikings and the public at large in an effort to build the corpus of the fund. Earnings on the
principal each year are available, as needed, to the Viking operating fund for philanthropic projects and/or needs, but the
principal itself cannot be used. 

Vikings are encouraged to make annual contributions to the Endowment and are offered an opportunity to make contributions to 
the Endowment “in memoriam” when one of our Viking brothers makes the transition to “Valhalla”.

In 2011, the Viking Endowment Fund balance broke through the One Million Dollar ceiling and doubled in value over the next
ten years. It continues to grow as a tool for future Viking works.

The endowment Fund Committee formulates and reviews the investment strategy and works with a professional investment management
firm to actually manage the funds. The Endowment Fund Committee meets monthly on the 2nd Tuesday each month and conducts an
annual retreat to review investment strategy.