USAPL is starting an endowment fund to help ensure the long-term success of the organization. We currently have one member who has committed a $5,000 donation to start our endowment fund in December of 2003.

What is an endowment fund?
An endowment fund consists of funds donated by individuals and organizations that are accounted for separately from the organizations operating accounts. The original investment and principal is maintained in the endowment fund, however the income from interest and dividends is used for the stated purpose. USAPL will maintain these investments in separate accounts at Charles Schwab. An investment committee is being formed to develop an investment strategy.

What is a stated purpose?
When making the donation, you can state how you want the resulting income to be used. The initial donor has asked that the income be used for the general operating purposes of USAPL. Other stated purposes can be to support a specific world team, to support lifters from a certain state, or to develop a USAPL scholarship. The main thing is that you are supporting the USAPL organization.

Are donations tax deductible?
Yes, donations are generally tax deductible.

How would I make a donation?
Donations can be made by writing a check to the USAPL Endowment Fund. Before making a significant donation, you may want to contact USAPL Treasurer Geoff Plante at (518) 431-7020 to discuss details.