US Code
SUBCHAPTER II— NATIONAL PARK FOUNDATION
§ 101121. Second Century Endowment for the National Park Service

(a)
Second Century Endowment.—
To further the mission of the Service, the National Park Foundation shall
establish a special account to be known as the “Second Century Endowment for the
National Park Service”.
(1)
Funds for the endowment.—
The following shall apply to the Endowment:
(A)
From amounts received by the United States each fiscal year from
sales by the National Park Service of Federal Recreational Lands Passes
under section 805(b)(1) of the Federal Lands Recreational Enhancement
Act,
1
1 See References in Text
note below.
$10,000,000 shall be deposited into the Endowment.
(B)
In addition to deposits otherwise authorized, the Endowment shall
consist of any gifts, devises, or bequests that are provided to the
National Park Foundation for such purpose.
(C)
The National Park Foundation shall deposit any funds received for
the Endowment in a federally insured interest-bearing account or may
invest funds in appropriate security obligations, as directed by the
Board of Directors.
(D)
Any accrued interest or dividends earned on funds received for the
Endowment shall be added to the principal and form a part of the
Endowment.
(2)
Use of funds.—
(A)
Except as provided in subparagraph (B), funds in the Endowment
shall be available to the National Park Foundation as offsetting
collections for projects and activities approved by the Secretary that
further the mission and purposes of the Service.
(B)
Gifts, devises, or bequests in the endowment under paragraph
(1)(A), and any accrued interest or dividends earned thereon, shall be
available to the National Park Foundation for projects and activities
approved by the Secretary that further the mission and purposes of the
Service.
(C)
In administering the Endowment each fiscal year, the National Park
Foundation shall be guided by the District of Columbia Uniform Prudent
Management of Institutional Funds Act of 2007 (D.C. Code § 44–1631 et
seq.), including section 44–1633 on expenditures.
(D)
No Federal funds received for the Endowment may be used by the
National Park Foundation for administrative expenses of the Foundation,
including for salaries, travel and transportation expenses, and other
overhead expenses.
(b)
Summary.—
Beginning 2 years after the date of the enactment of this section, the
National Park Foundation shall include with its annual report a summary of the
status of the Endowment. The summary shall include—
(1)
a statement of the amounts deposited in the Endowment during the fiscal
year;
(2)
the amount of the balance remaining in the Endowment at the end of the
fiscal year; and
(3)
a description of the sums and purposes of the expenditures made from
the Endowment for the fiscal year.