Endowment Fund of the Good Will Foundation

By a decision of the Board of Directors of the Good Will Foundation, funds that have been set aside from the annual payments by the Government to the GWF will now be invested as allowed under the law and according to the recommendations of the Good Will Investment Committee. The Investment Committee (Daiva Gerulytė, Harold Paisner, Krzysztof A. Rozen and Rokas Grajauskas) has proposed equally dividing these funds (now approximately 9 million Euro) between passive, long-term investments and an active investment portfolio managed by a reputable financial advisor. The goal of this Endowment Fund is to provide for the continued support of Lithuanian Jewish communal life once the annual payments have ceased. The Investment Committee will continue to monitor the progress of this investment strategy and recommend changes when and if necessary.