What is an endowment fund? Essentially, an endowment fund is one for which a donor stipulates that his or her contribution is to be held in perpetuity or for a term of years. Broadly speaking, Cedarcrest Center would use only income from endowment contributions to support a program designated by the donor (e.g., the Knox Scholarship) or for our general operations if a donor has provided no specific direction for use of the income.
In the summer of 1947, Dorothy “Dot” Sawyer, a retired occupational therapist, and Eleanor “Clemmie” Clement, a retired registered nurse, responded to a call for help from neighbors. Into an old six-room New Hampshire farmhouse at the top of a steep, dusty Westmoreland road, Dot and Clemmie welcomed Judy, a six-year old with significant physical disabilities. Soon, three more local children with special needs joined Judy. What had been the 100-acre “Flying Pig Farm” became Cedarcrest, a home for area children with physical and intellectual handicaps.