Endowment Gifts
An endowment is a fund you can create to leave a legacy and perpetually support the causes most dear to your heart. The income earned from your endowment will provide lasting annual support to your designated charities.
You enjoy several benefits with an endowment gift
- Establish an endowment during your lifetime and see the impact each year.
- Benefit from an income tax deduction in the year you make your gift.
- Avoid capital gains tax on an endowment gift of appreciated property.
How an endowment fund 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 additional contributions during your lifetime, or you can supplement your endowment with your estate plan.
Income distributed from your endowment
When you create your endowment fund, you will create an agreement that details the scope and desired impact. Your funds will be invested to produce a predictable income so that each year, a set percentage of your endowed funds will be distributed according to your agreement.
Contact us
Please contact us if you have questions about endowment funds.