The American Inns of Court Foundation is a 501(c)(3) nonprofit organization. Your contribution is tax deductible to the extent allowed by law.
The Howard T. Markey Endowment Fund was established in 2003 to provide long-term financial stability for the American Inns of Court Foundation and to enable the Foundation to maintain its leadership of the movement to elevate the American practice of law by promoting ideals of excellence and professionalism, the exercise of civility, and adherence to legal ethics.
The fund has over $3M in restricted and unrestricted assets. The fund is professionally managed in accordance with a Board-approved Investment Policy. Withdrawals of income or principal from the Portfolio are made only for specific projects in support of the mission of the AIC, as determined by the Board and consistent with donor instructions and expectations. The Board-approved spending rate is 4% of the average market value of the total portfolio, based on the trailing 36 months.