Endowment
Recovery Endowment
Currently, Merit Spread Foundation is active in providing solutions for the urgent needs derived from the brutal attack and the war that followed.
Simultaneously, Merit Spread Foundation established a recovery program for the medium and long term. The goals of this program are to support the recovery and rehabilitation of the survivors of the vicious terror attack. Some of these survivors were left orphans, some homeless overnight. The endowment will also serve needs that will arise because of the war and hostilities which is taking place on various fronts.
The uniqueness of the program:
- No overheads charged: 0% overheads.
- Fixed income programs are designed with major global banks such as Bank of America, JP Morgan, Goldman Sachs, Citi, Morgan Stanly, and more.
- The custodian bank is Morgan Stanley.
- Large annual distributions of up to 15% per year.
- External funds will be injected into the system, to increase the assets of the endowment, on top of each donor’s injection.
Project Number – 1000
Matching – Yes