Sage Singers Endowment Fund
A nonprofit fundraiser supporting
Sage SingersSage Singers Is Establishing an Endowment Fund To Solidify the Chorus's Long-Term Financial Future
$3,500
raised by 4 people
$15,000 goal
At its May 4, 2026 meeting, the Sage Singers Board of Directors approved moving forward with the "process" of establishing an Endowment Fund with the Denver Foundation to show the chorus' commitment to financial stability and long-term success. [See TIMELINE for this decision below.] Tim Wilson, founding chorus Board member and now Advisor to the Board (approved at Feb. 2, 2026 Board meeting), is leading this project.
The minimum principal amount to start an Endowment Fund at the Denver Foundation is an investment of $25,000. The principal can be added to over time, but only the earnings are available for use by the chorus. We will be suggesting, initially at least, that half of the earnings be retained for financial emergencies, should any arise in the future. [Note: This is what we suggested in Sage Singers' grant application to SCFD (Scientific and Cultural Facilities District) in March 2026.] The other half of earnings would be available for chorus projects each year.
With $10,000 from Sarah Lehan's 2025 legacy gift already approved by the Board toward the principal amount, individuals who love Sage Singers are now being asked to give $500, $1,000, $1,500, $2,000, or $2,500 each to raise the additional $15,000 needed to meet the minimum principal (or more). Once the $25,000 threshold is reached, then the Board can move forward with next steps to legally establish a Sage Singers Endowment Fund with the Denver Foundation.
HELP US HELP SAGE SINGERS SOLIDIFY THE CHORUS' FINANCIAL FUTURE!
Brief TIMELINE of Events Leading Up To Board's May 4 Endowment Fund Decision
At its March 2, 2026 meeting, the Board had previously supported the concept of starting an Endowment Fund, including approval of moving $10,000 from Sarah Lehan's 2025 legacy gift to be part of the required minimum principal, once a fund is legally established. In a March 17, 2026 Zoom with Bonfils-Stanton Foundation (BSF) staff and our chorus' grant writers Tim Wilson and Kate Burns, our BSF Program Officer recommended the Denver Foundation as a good place to start. Staff from the Denver Foundation, a 100-year-old and well respected nonprofit institution with $1.5 billion in assets and a stellar track record, made a presentation to the Board at its April 6, 2026 meeting.