Together we are building Foundation for the Future
Give once and give forever
The EarthLight Endowment
Create a permanent and self-growing fund that becomes a permanent wellspring of support for both the education of our young and future space pioneers, and the pioneering work being done today to use space to save the Earth and clear their path to opening the frontier.
ELE is designed so that it grows itself over time, creating an unending means of support for projects, programs and people who are in need of our help.
The Seed that Feeds Itself
Here’s the plan:
1. Raise the initial fund of US$100k
2. Immediately on receipt, all donations are invested in a portfolio to be invested by a third party management firm.
3. One year after achieving the first US$100k ELE begins to disburse 25% of the investment and interest based increase.
4. 25% of the investment and interest based income is used for overhead and “marketing” the endowment.
5. 50% of the investment and interest based increase is redeposited into the endowment.
Using the numbers above as an example, this means one year after the first US$100k is raised, assuming a healthy 10% rate of growth based on its investments, ELE will have grown by US$10k.
Of this $10k, $5k will be redeposited, and $5k will be split between funding projects and overhead.
This doesn’t sound like much. But if it is broken into $500 prizes to be given to five children around the world who have won space design and art contests it means a lot.
As ELE grows we will use the same formula to fund small Earth – Space research projects and offer ever larger prizes and other incentives to create breakthroughs in important areas. Again, the same concept applies. We start with small amounts focused on recipients for whom the funds make major differences, and grow our giving over time.
Using volunteers and coordinating with already existing educational and research partner organizations ELE can leverage small amounts of funding to make big changes in the lives of kids like these, and eventually in building their future.
Using our amazing volunteer PR and fundraising team we will build on these early successes and grow ELE into a major source of support for space education and research projects.
The Gift that Literally Keeps on Giving
Just like the life we so treasure, the goal of ELE is to grow, expand and reproduce excellence in an ever expanding community of young dreamers and the Doers they will become.