IMPORTANT: The results provided by the Endowment Calculator are intended for illustrative purposes only and are not guaranteed. The illustration should not be relied upon nor deemed as endowment fund advice. The investment projections, outcomes and other information generated by the Endowment Calculator are hypothetical in nature, are based on Community Foundation investment goals and policies, and do not reflect actual investment results. Results may vary with each use and over time, and they are not guarantees of future results. Projections assume annual return of 7%, administration fees of 1.00% and an annual distribution rate of 4.0%. Administrative fees vary by fund. No market value averaging formula is being used. Formulas assume one distribution per year.