Tidewater Council BSA Endowment

The Tidewater Council BSA Endowment is an integral part of the Tidewater Council, a local council of the Boy Scouts of America, serving southeastern Virginia and northeastern North Carolina. This endowment plays a crucial role in supporting the long-term financial stability and program offerings of the Tidewater Council.

Purpose and Function

The endowment is designed to provide a sustainable financial base for the council's Scouting activities. It includes both restricted and unrestricted funds, which are managed according to a detailed investment policy. The primary goal is to achieve a total return that meets or exceeds the council's financial requirements, accounting for spending, inflation, investment costs, and growth factors[2].

Investment Strategy

The investment strategy for the endowment is overseen by the Tidewater Council's Investment Committee. The committee is responsible for developing investment objectives, selecting managers, and reviewing investment performance. The asset allocation is divided into growth assets, risk reduction assets, and inflation protection assets to ensure a balanced and diversified portfolio[2].

Support Mechanisms

Support for the endowment comes through various channels, including donations, the James E. West Fellowship Award, and planned giving. The James E. West Fellowship recognizes individuals who contribute $1,000 or more to the local council endowment fund, which helps build a stronger financial foundation for Scouting programs[5].

Role in Scouting Programs

The endowment supports the Tidewater Council's ability to offer comprehensive Scouting programs, including camps like the Pipsico Scout Reservation, which provides year-round outdoor education and summer camp experiences. The financial stability provided by the endowment ensures these programs continue to benefit youth in the region.

Governance

The Tidewater Council Board of Directors is responsible for the overall stewardship of the endowment, with the Investment Committee managing the investment activities. The board must approve any significant changes to the investment policy[2].

This governance structure ensures that the endowment is managed effectively and ethically, aligning with the Tidewater Council's mission to support Scouting activities and community engagement.