An Endowment Fund is a permanent fund in your name, the name of someone you wish to honor, or the name of an organization you are dedicated to preserving.
How Does It Work?
With a minimum gift of $50,000, an Endowment Fund can be established to support one or more charitable organizations or purposes. The Foundation’s Board of Trustees determines the percentage of the Fund’s assets distributed annually. Typically, four or five percent of the Fund balance is disbursed each year to the specified organization(s) or within a charitable area that is important to you.
In addition to enjoying tax advantages, an Endowment Fund connects future generations of your family to the causes that matter most to you. Take heart knowing your legacy will be professionally managed and that your charitable intentions will be fulfilled.