• Financial Stability. Income from an Endowment can smooth out the rough spots in the fiscal year. Endowment income can be used to underwrite programs that have not been funded, support budgets when there are shortfalls, and help us realize our visionary ideas.
  
• Initiate New Projects. New and innovative programs and services often experience difficulty in getting the initial "seed" money. With income from the Endowment Fund, the CMA Foundation can start new initiatives, reach out to provide new services, and respond quickly to a crisis such as pandemic flu.
  
• Support Core Operating Expenses. In order to provide community health programs and other projects of the CMA Foundation, core operating expenses of the Foundation must be covered, i.e. rent, utilities, etc.

What is the goal of the Endowment Fund?
The initial goal is to raise $20 million in cash and pledges. Our intent is to create lone-term financial stability for the CMA Foundation. Building an Endowment Fund allows us to generate a stable and adequate source of income to sustain our current programs and initiate new ones to meet the needs of physicians and their patients in California.

How are these funds invested and monitored?
CMA Foundation's funds are expertly managed by Smith Barney and overseen by the CMA Foundation Board of Directors. The Board has approved an investment policy that outlines our investment objectives and performance evaluation measures for the funds.

Can I designate my Endowment Fund pledge to be used for a specific purpose or program?
If you are donating the minimum amount required, you may create a named Endowment Fund or a donor-advised fund. See our website (www.calmedfoundation.org) for additional information. All other funds pledged will be placed in the General Endowment Fund. Only the investment revenue will be spent - the principal will be held in perpetuity.

Is my donation tax deductible?
Yes, the CMA Foundation is a non-profit organization accorded tax exempt status under Internal Revenue Code Section 510(c)(3) which enables donors to deduct gifts made to the Foundation to the fullest extent of tax laws. Donors should consult their own tax accountant, attorney, or financial advisor to determine the most advantageous tax or financial situation.

How may I obtain further information about the Legacy of Caring Campaign?
You may call Carol A. Lee, Esq. at the CMA Foundation - 916-551-2562 or e-mail clee@cmanet.org.