Robson Ranch residents Shirley and Jerry Watson, working with Denton Animal Support Foundation (DASF), recently initiated The Shelter Endowment Fund in memory of their dog Kandi. The Watsons made the fund’s initial contribution and pledged to match additional donations annually. They are long-time supporters of both DASF and the City of Denton shelter, including the DASF capital campaign that helped construct the new Linda McNatt Animal Care & Adoption Center and other shelter programs. Their generosity has directly saved many shelter dogs.
The purpose of The Shelter Endowment Fund is to provide “hope for tomorrow” for shelter pets in perpetuity. Annual distributions from the endowment will augment normal DASF fundraising to perpetuate critical adoption, medical and other DASF programs for shelter pets. All endowment donors of $5,000 and up are acknowledged on an Honor Plaque in the shelter’s public area.
Endowment funds are entirely segregated and managed under strict legal guidelines. A special endowment committee composed of DASF board members and non-board members oversees the fund and acts according to documented donor wishes. The permanent fund will grow over time, producing increasing amounts of revenue.
“This vision and generosity of Shirley and Jerry Watson is amazing,” said Bette Sherman, DASF Co-Founder and Immediate Past Chairman, “endowment gifts are a legacy that demonstrate unselfish commitment since the positive impact outlives the donor.” The Watsons have additionally incorporated DASF into their estate planning.
“We are excited that the fund will primarily focus on shelter adoption subsidies,” said Rebecca Finberg, DASF Executive Director, “as that is the critical need for the almost 5,000 abandoned pets handled annually.” In 2015 DASF granted the city shelter $25,000 in adoption subsidies, thus saving 834 pets. “Adoption subsidies enable more adoptions and help keep the shelter live-exit rate high, which at this time is over 93%,” Finberg said.
DASF is a 501(c)(3) public charity exempt from federal tax and is celebrating 10 years of service to Denton. For more information on The Shelter Endowment Fund: info@DentonASF.com. A committee member is ready to answer questions and aid in structuring your gift. For information on Adoption Subsidies, other programs or to donate: www.DentonASF.com.