New Friends New Life Pat Laird Schenkel Endowment Fund
Pat and Pete Schenkel
This endowment fund is established in honor of Pat Laird Schenkel and her years of leadership with New Friends New Life (NFNL). Pat is one of the founding board members and has worked closely with the organization for over 20 years. Today, she continues to serve on the Governance Board. The purpose and goals of the Endowment are to support the mission to restore and empower trafficked and sexually exploited women, teens and their children and drive awareness of the issue and its prevalence.
NFNL Mission Statement: New Friends New Life's Mission is to restore and empower trafficked and sexually exploited women, teens, and their children, and drive awareness of the issue and its prevalence.
Philanthropic Interests: The Purpose of this fund is to support the ongoing programs of New Friends New Life that are established by the Board of Directors and the Executive Leadership. The NFNL Programs provides a roadmap for members to access wrap-around services free of cost. The average member who receives services from NFNL sees significant, cumulative gains within the areas of: mental health, substance abuse, parenting, employment, education, housing, legal, goal setting, safety, social support, and transportation, such that their overall self-sufficiency is improved with services.
Your investment in NFNL endowment will help provide long-term funding to support our mission. Contact Priya Murphy at PMurphy@newfriendsnewlife.org or 214-217-8652 if you are interested in investing in the NFNL endowment fund.
Frequently Asked Questions
Q: What is an endowment fund?
A: An endowment fund is a permanent, self-sustaining source of funding. Endowment assets are invested. Each year, a portion of the value of the fund is paid out to support the fund’s purpose, and any earnings in excess of this distribution are used to build the fund’s market value. In this way, an endowment fund can grow and provide support for its designated purpose in perpetuity.
Q: Do I need to sign an endowment agreement or meet a minimum gift level if I want to give to an existing endowment?
A: No. You can make a gift of any size to an existing endowment fund without signing an endowment agreement. The larger a fund is, the more it can do each year.
Q: How do I find out about my endowment after I have made my gift?
A: Once an endowment reaches the minimum funding level and starts generating spendable income, we can provide you with information about the value of the fund and the impact of your philanthropy.
