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The Moody Foundation is a charitable foundation incorporated in Texas and based in the island city of Galveston.It was chartered in 1942 by William Lewis Moody Jr. and his wife Libbie Rice Shearn Moody "to benefit, in perpetuity, present and future generations of Texans."
Mary Elizabeth Moody Northen (10 February 1892 – 25 August 1986) [1] was an American financier and philanthropist from Galveston, Texas. She was the daughter of financial and insurance tycoon William Lewis Moody, Jr. and aunt of businessman Shearn Moody, Jr. [ 2 ] [ 3 ]
It is classified as a restricted true endowment fund for governments and non-profit organizations. Put simply, a permanent fund may be used to generate and disburse money to those entitled to receive payments by qualification or agreement, as in the case of Alaska citizens or residents that satisfy the rules for payment from their permanent ...
Apr. 15—AAround $53 billion in state assets sit with the New Mexico State Investment Council. That's over five times more than the record-breaking $10.21 billion budget the governor in March ...
A Scholarship Fund, which provides an annual scholarship award to students in pursuit of higher education/training, and has a $15,000 minimum threshold, now only requiring $10,000 to get the match.
A key provision of UPMIFA states that: "Subject to the intent of a donor expressed in the gift instrument an institution may appropriate for expenditure or accumulate so much of an endowment fund as the institution determines is prudent for the uses, benefits, purposes, and duration for which the endowment fund is established. [7]
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Permanent School Fund: 55.624 August 2022 [4] Commodity / petroleum: 3 Permanent University Fund: 31.763 August 2022 [5] 4 New Mexico: New Mexico State Investment Council Permanent Funds 31.000 December 2020 [6] Petroleum: 5 Wyoming: Wyoming Permanent/Endowment Funds 12.6: March 2017 [7] Minerals 6 North Dakota: North Dakota Legacy Fund: 8.2 ...