Our Purpose

Who We Are

Example of an
Endowment

Newsletter

Ways to Contribute

Contact Us

FAQ

The Kauai Aloha Endowment is unique, because a collective community at a grassroots level, with no beginning funds, has created its own Endowment. The Kauai Aloha Endowment was created to support and contribute to an island-wide spiritual vision, Aloha: It's Kaua'i's Spirit. Below is an example of a community that was given a large endowment that each year provides significant benefits to its residents.

Alberta, Canada—A Community Endowment

Willmore Wilderness Park, photos by Daryl Benson

In 1976, when natural resource revenue was high and its economy was booming, the Province of Alberta, Canada, decided that a portion of its burgeoning oil and gas revenues should be set aside for future generations and, for that purpose, created the Alberta Heritage Savings Trust Fund. This windfall, they realized, would never happen again, and they wanted future citizens to share in the benefits rather than spend it all in one generation.

Initially, the Trust Fund could be spent on Heritage Fund capital projects such as irrigation works, hospitals, research and parks. However, in 1995 the government invited all Albertans to voice their opinion on the future of the Fund. As a result, it was decided to no longer spend the principal, but to place the entire principal into an endowment fund. A policy was established under which earnings first are added to principal to increase it for that year’s inflation with only the remaining balance of earnings available to spend. According to figures released in June, 2000, the Trust Fund was worth $12.3 billion. In fiscal 1999-2000 the Fund earned $1.2 billion to benefit the province and its people.

Further information is available at:
Heritage Fund opening page
Heritage Fund Publications