AAN Foundation Named Endowment Fund Investment Practices

The Fund will be held and administered by AAN Foundation as a part of its endowment funds. The Fund shall not be wholly expendable by the Foundation on a current basis, but shall be invested according to policies established by Foundation's Board of Trustees. The investments may be made independently of, or in common with, other funds of similar character provided the individual identity of the Fund is preserved at all times.

Distribution and Expenses

The Fund is a permanent endowment fund existing into perpetuity and will be administered in accordance with the Minnesota Uniform Management of Institutional Funds Act as amended. The Fund disbursement shall be in accordance with the policies and procedures for endowed account disbursement determined by the Foundation's Board of Trustees. The Foundation will administer the Fund in a manner intended to maintain the stability of endowment support for the purpose of the Fund. Any investment returns remaining after distributions for the purpose of the Fund and payment of investment management, administrative, and other costs, shall be retained as part of the principal of the Fund.

Amendment

The Fund shall at all times be subject to the authority of the AAN Foundation Board of Trustees to eliminate or modify any restriction, condition, or limitation imposed with respect to the Fund if, in the judgment of the AAN Foundation Board of Trustees, such restriction, condition, or limitation becomes unnecessary, incapable of fulfillment, or inconsistent with the charitable needs served by the Foundation. In such event, the Foundation shall redirect revenues to program(s) activities which most closely parallel the Sleep Medicine Young Investigators Endowed Award Fund's original purpose.

For a copy of the endowed fund agreement, please contact Susan C. Dunlop at sdunlop@aan.com, or call (651) 695-2701.

Sleep Medicine Endowed Award

The Sleep Medicine Endowed Award will encourage productive young investigators, both PhDs and MDs. It will emphasize the essential role of neurology in Sleep Medicine and recognize scientific contributions in sleep medicine by promising young neurologists. Through early recognition, it will increase basic scientists' participation in the American Academy of Neurology (AAN), and enhance the role of the AAN Sleep Section.

Baumel-Eisner Endowed Alzheimer's/Dementia Research Fund

The Baumel-Eisner Endowed Alzheimer's/Dementia Research Fund was created with a $50,000 donation by Barry Baumel, MD and Gail Eisner in memory of Larry Eisner, MD, FAAN. Interest income from the endowment will support Alzheimer's disease/Dementia Clinical Research Training Fellowships. Contributions to the Alzheimer's/Dementia Research Fund will help speed research toward the prevention and treatment of Alzheimer's disease and dementia.