Report on the Peter and Doris Koch Endowment Funds through 2021

Abstract

In accordance with Peter Koch’s letter of Intent a joint FPS and SWST Committee was formed to oversee the management of the Peter and Doris Koch Endowment Funds in 2017. Peter Koch indicated that the purpose of the Oversight Committee is “to audit the previous year’s actions regarding the three endowment funds” and “rule annually on whether the terms of the letter of intent are being met.” On December 31, 2021, the value of the Koch Endowment was $1,396,706. On December 31, 2020 the value of the Koch Endowment was $1,208,747. The value on December 31, 2019 was $983,043. The rate of return for 2021 was an estimated 15.5%. The current value for the three Koch funds as of May 31, 2022 is $1,311,115. The joint oversight committee met on July 26, 2022 and agreed unanimously that the terms of the agreement are being met.