2021 Annual Endowment Celebration
People often ask: why is it so important for our Council to have an endowment fund? Simply put, our endowment provides a dedicated, perpetual source of support that helps our Council pursue our mission: to prepare young people to make ethical and moral choices over their lifetimes by instilling in them the values of the Scout Oath and Law. Growing the endowment fund enables our Council to weather the ups and downs of the stock market, unemployment rates, and other unpredictable events. This makes it possible for Scouting programs to serve the young people of our nation’s capital in perpetuity.
National Capital Area Council is one of the largest local Scout Councils in the Country. We currently serve approximately 56,000 youth in 20 districts throughout the greater Washington D.C. metro area including 16 counties in Maryland and Virginia, the US Virgin Islands, and US citizens abroad in North and South America. Over the past two decades we have demonstrated continuous financial responsibility by operating within a balanced budget and continually sought ways to make our operations more efficient; however, the cost of providing our program continues to rise every year, straining resources received from traditional sources and making the reliable support of our endowment more important than ever.
Saturday, May 22, 2021
10:00 am – 11:00 am
Patio Dedication Livestream
The livestream of the event will be posted here on Saturday, May 22. Please come back on that day to join us for the live event.
How Our Endowment Benefits Youth
NCAC has taken steps to link endowment specifically to the support of camping and the overall Scouting experience. Our endowment fund annually provides support for high priority camp maintenance projects, uniforms for Scouts who can’t afford them and scholarships for youth to attend summer camp. Specifically, in 2021, over $225,000 will benefit camp improvement projects. Additional funds will be directed toward special initiatives such as Scoutreach for at-risk youth and career focused Exploring.
A strong endowment fund demonstrates an organization’s vision and foresight for future success. Thanks to successfully utilizing 100% of a generous matching gift from the Cecil and Irene Hylton Foundation we have been able to increase net assets in our endowment fund to $13.6 million. Our long-term goal is $30 million and that would allow us to provide support to nearly every aspect of Council operation, including camp scholarships, maintenance for properties and outreach to underserved youth.
To achieve our overall goal of $30 million we will need to continue to educate and inform those inclined to support Scouting. It is vital that people know there are many ways to make a planned gift to Scouting. Most options offer significant tax savings, and some provide income to you, or your family. All ensure Scouting’s mission will remain intact and relevant for youth.
I encourage each of you to think about your Scouting legacy and how you can continue to support the program you strongly believe in. Unfortunately, many people do not take the time to consider the organizations that most are important to them until it is too late. We stand ready to assist you in this important process.
Thank you for all you do for Scouting!