For your board & finance committee
This brief summarizes what your organization would be adopting, who owns and governs it, and the decisions your board makes. It is meant to be read in a single meeting and filed with your minutes.
Plero is the administrator that helps your organization create and run an endowment. Your board sets one allocation policy: a chosen share of eligible giving — ten percent is a common starting point — is set aside, invested in your organization's name, and returns a board-approved draw to operations each year. It is a standing policy, not a campaign: no drive, no deadline, and in most implementations donors keep giving through the same familiar experience. Plero is not a bank, broker-dealer, investment adviser, law firm, or tax advisor.
Your board approves the share, what giving it applies to, and the annual draw.
The set-aside is invested in your name at the custodian, to your board's policy.
A board-approved distribution returns to operations while preserving the fund for the long term.
Titled to your institution. Plero administers, never owns, and it never sits on Plero's balance sheet.
Held at Charles Schwab & Co., Member SIPC, under your own title — never commingled.
Allocation, investment, and spending policies are board-approved; changes require a vote and are recorded.
Managed to your board's policy by SEC-registered advisors. Investing involves risk, including possible loss of principal.
A board-approved draw — commonly a percentage of a trailing average — on your schedule.
Maintained as a permanent fund in your name; statements and a full decision trail export anytime.
Administration and investment-management fees are disclosed in writing before you begin (Form CRS, ADV Part 2A).
No lock-in. If Plero ends, you administer or move the fund independently; assets stay in your name.
Available to registered 501(c) tax-exempt organizations, verified by Plero before joining.
Any balances, rates, and projections discussed are hypothetical and illustrative only, do not reflect any actual account, and are not a guarantee of future results. Assets held in a brokerage account are not deposits, are not FDIC insured, and are not guaranteed by any bank. Consult your own legal, tax, and financial advisors before making decisions.