Endowment Spending Policy

The MCCCD Foundation will allocate earnings each year for expenditure by endowment supported scholarships and programs. The available funds will be determined by allocating up to 5 percent of the trailing three year average of the aggregate endowment portfolio market value at December 31 of each year. An amount in excess of the annual spending limit will be permitted for programs and endowments where donors have determined a need for a higher level of spending.