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Aid to the Homeless is a nonprofit organization that provides funding throughout theWashington D.C. area to run shelters for the homeless.The Cassidy Endowment Fundprovides a
Aid to the Homeless is a nonprofit organization that provides funding throughout theWashington D.C. area to run shelters for the homeless.The Cassidy Endowment Fundprovides a large portion of the Aid to the Homeless's operating budget.The endowment fundwas set up by the Cassidy family as a way to leave a legacy to their father.He was a wealthyentrepreneur throughout his lifetime but suffered from dementia in old age and consequentlylived out his last days wandering the streets of D.C. as a homeless person.The fund has assetstotaling $5 million, and directors of the endowment anticipate a spending rate of 6%.Inflation is expected to be 3% annually
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