[Verse 1] There's a foundation with a mission true Help the world with what they do But they need money year by year How to spend and save what's dear Time horizon stretches long Forever funding must stay strong Balance present needs with future goals That's how endowment story rolls [Chorus] Spend some, save some, keep it growing Intergenerational equity flowing Five percent rule keeps us on track Give today but save some back Spending policy, clear and bright Balance current needs with future sight Perpetual funding is the way Endowments last for every day [Verse 2] Risk tolerance sits somewhere between Not too wild, not too clean Moderate risk for moderate gain Steady income through sun and rain Liquidity needs aren't very high Long-term focus reaches the sky But keep some cash for yearly spending Smooth operations never ending [Chorus] Spend some, save some, keep it growing Intergenerational equity flowing Five percent rule keeps us on track Give today but save some back Spending policy, clear and bright Balance current needs with future sight Perpetual funding is the way Endowments last for every day [Bridge] When markets rise, don't spend it all When markets drop, don't hit the wall Smoothing rules help even the ride Stable spending, year after year we glide Trustees watch the balance beam Current mission, future dream [Verse 3] Asset allocation spread around Stocks and bonds and alternatives found Diversification is the key Protect the fund for you and me Regular review keeps us aligned Investment committee peace of mind IPS document makes it clear Guidelines we follow year by year [Final Chorus] Spend some, save some, keep it growing Intergenerational equity flowing Five percent rule keeps us on track Give today but save some back Spending policy, clear and bright Balance current needs with future sight Perpetual funding is the way Endowments last for every day Forever lasting, forever giving That's how endowments keep on living
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