This unrestricted fund was established following the death of Warren Ashby Thornhill III in 2013. Fifteen years earlier, Warren started making an annual donation to BAF so the Foundation could purchase a sizeable life insurance policy on him. The annual tax-deductible donations for the premium payments were covered by the required distributions from a retirement plan Mr. Thornhill began many years earlier. He intended for the Foundation to be the beneficiary of the retirement plan, but once the minimum distributions began, there would be a reduction in the amount BAF would receive upon his death. Thanks to this strategy, although as the years went by and his retirement fund was reduced, upon his death the Foundation received an additional significant gift from the life insurance. Warren’s will directed a specific portion of the benefits from the Life Insurance and from the IRA, were to be used to establish this new permanent endowment. Additional portions of the payouts were added to other funds previously started by Thornhills.