26 Nov Endowment Gifts
You can leave a legacy to perpetually support our mission through an endowment gift. An endowment is a fund you can create now or in the future to achieve a lasting impact. The income earned on your endowment will provide ongoing annual support to our mission.
What is an endowment gift?
An endowment gift is a fund that you create to provide lasting support to a charitable cause. The income earned on your endowment will be distributed annually to the cause you care about, forever.
Benefits of an endowment gift
- Make a lasting impact. Your endowment gift will provide support to your charitable cause in perpetuity.
- Enjoy an income tax deduction. You will receive an income tax deduction for the year you make your gift.
- Avoid capital gains tax. If you donate appreciated assets, such as stocks or real estate, to your endowment, you will avoid paying capital gains tax on the appreciated value.
How an endowment gift works
- You make an initial gift to fund your endowment.
- The assets in your endowment are invested to earn income.
- The income is distributed annually to the charitable cause you have designated.
- You can make additional gifts to your endowment during your lifetime or through your estate plan.
Income distributed from your endowment
When you create your endowment, you will sign an endowment agreement that specifies how the income from your endowment should be used. You can designate the specific programs or initiatives that you want to support. You can also specify that the income be used for general operating support of the charitable cause.
Contact us
If you have any questions about endowment gifts, please contact us at [email protected]. We would be happy to assist you and answer any questions you might have.