MILLENNIUM FUND: Reserve Fund that will address the future of UPMASA
In 2023, we embarked on a 10-year program to build a strong national reserve fund within our National Treasury.ย We sought contributions to build this fund primarily for the operations of our organization to ensure longevity, stability and sustainability.ย ย It will also allow the organization to respond to emergency situations without resorting to long drawn fund-raising before we can act.ย Whereas UPMASA currently can boast of a fairly good coffer, these are almost all โrestricted fundsโ held through our Permanent Endowment Fund.ย ย UPMASA as an organization should be able to exist to take care of this fund.ย The Millennium fund will ensure that UPMASA can function as a steward, and that our services and programs can continue to thrive for years to come
Join the many who have generously given.ย Be part of the Millennium Fund Donor Roster who will be recognized in perpetuity.ย
- This fund will be managed by a subcommittee of the Finance Committee and shall be invested according the usual investment strategies currently used by the National Treasury.
- This money will be held in the National Treasury as a subaccount
- The Fund will be left untouched for the next 5 years
After 5 years, 5% of the earnings can be disbursed
- Operational Expenses
- Unfunded Projects deemed worthy by the Adhoc Committee and submitted to the BOG for approval.
- Exempted from the 2% equitable admin fee
Prepared by:ย Henry C Echiverri, โ81
Immediate Past President, 2025-27
Please be generous with your donation.ย The following levels of donation are for your consideration:
DONOR LEVELS: Bronze: $500, Silver: $1000ย ย Gold: $2500ย Platinum: $5000ย Benefactor:ย $10,000 or more
Heart of Service Music Video by Henry Echiverri, MD
