More Good News

We recently received an update from the Katie Gerstenberger Endowment for Cancer Research's Legacy Planning Officer, Christina.

"I'm writing to share some good news about Children's Unified Endowment Fund (UEF) and the Katie Gerstenberger Endowment for Cancer Research. Thanks to a disciplined investment strategy overseen by our Investment Advisory Committee and professional investment advisors, Children's endowed funds have benefitted from the recent market rally. The UEF gained 27.5% in calendar year 2009, compared to the S&P 500, which gained 26.5% during the same period.

"As of December 31, 2009, the market value of the UEF has grown to $444 million and the Katie Gerstenberger Endowment for Cancer Research is valued at $100,866. By comparison, Children's UEF was $333 million on March 31, 2009 - the lowest point of the global market collapse - and your endowment was valued at $58,557. Children's financial team continues to carefully monitor the asset allocation and rebalance the portfolio when necessary to support continued recovery and growth."

The balance may actually be higher, thanks to gifts that have been given since the beginning of 2010.

Thank you for supporting the Katie Gerstenberger Endowment for Cancer Research at Seattle Children's Hospital! Remember that the principal amount stays with the endowment fund, and the income is used to fund research.