Endowment Gifts
An endowment is an investment fund set up to last in perpetuity, where the principal remains intact and the proceeds generated are used for a specific purpose. You can leave a legacy to perpetually support the causes you love with an endowment gift. An endowment is a fund you can create now or in the future to achieve the impact you desire. The income earned on your endowment will provide lasting annual support to ensure the causes you care about continue to thrive in perpetuity.
You enjoy several benefits with an endowment gift
- Establish an endowment during your lifetime and see the impact each year; or establish an endowed fund through your estate and leave a legacy of impact
- Benefit from tax deduction in the year you make your gift
- Avoid capital gains tax on an endowment gift of appreciated property
How an endowment gift works
- You make an initial gift to fund an endowment
- The assets in your endowment are invested to earn income
- The income is distributed annually to achieve your desired impact
- You can make additions during your lifetime or supplement your endowment with your estate plan
Income distributed from your endowment
At the time you create your endowment, you sign an endowment agreement that details the scope and desired impact of your endowment funds. Your funds will be invested to produce stable, predictable growth. Each year, a set percentage of your endowed funds will be distributed according to your endowment agreement.
Contact us
If you have any questions about endowment gifts, please contact us. We would be happy to assist you and answer any questions you might have.
