The JLM Endowment Fund is a restricted fund whose principal is held in perpetuity while interest is utilized with the Board of Directors consent to create a consistent base of funding that was independent from annual fundraising success, allow for multi-year budgeting, and offset administrative costs in the future.
The current principal is $750,000. However, to secure a strong financial position that would allow the Junior League of Mobile to truly fund multi-year budgets and administrative costs without the need to deduct resources from other budgetary allocations or increase membership dues, the endowment must grow to $1,000,000.
The goal for the $1 Million by 100 Endowment Campaign is to raise $250,000 by the end of the 2030-2031 League year so that we can celebrate our 100th year with clear financial stability.
The JLM Endowment Fund is managed by Cornerstone Investment Management and Consulting.