U4E believes that we can set up a system that is very safe and easy to manage for every one.  I suggest that all Endowment Funds 85% + of the money go into a Bank like Wells Fargo in a Investment Portfolio that uses the bond market for the interest income and it has attached conditions for example that would require the board of Directors consent to move or withdraw outside its normal auto deducts.  

Knowing that the engines that run the scholarship program are set up to auto deduct based on usage, we can create a very safe way to make sure the bills are paid and the money is safe for the students.

U4E's goal is to have as many of the initial contributors of 1 million dollars or more sit on one of the 11 board of Director seats.  We will make it easy.  Once a year zoom meeting, unless more are requested and 24/7 to all relevant accounting information and data analytics on the site.