Endowments 

Would you like to leave a legacy of giving for your family as well as future generations?

An Endowment Fund or Recommended Endowment Fund allows you or your family to set up a fund to which you may make either a one time gift or multiple gifts over time.   Donations may be in the form of cash or appreciated assets (typically stocks, bonds, mutual funds, or real estate). 

An Endowment Fund can be established which will distribute income to the ministries, or types of ministries that you identify over the term of the endowment.

With a Recommended Endowment you can remain involved by recommending distributions of both principal and income from the fund, as long as they fit within the parameters that you establish when you set up the fund.  This designation may be very general (e.g. “to fund Christian ministry”) or very specific (e.g. “to fund my church’s youth program”).  You can also name others, such as your children, who are authorized as successors, to recommend distributions.  This can be, in essence, a “family endowment,” allowing your family to participate for years to come in decisions concerning the endowment that you have set up.

Compare this program with the Foundation’s Advise & Consult Fund^®.  They function very similarly in many ways.  However, if your goals tend to be of a more long-term nature, you may want to consider a Recommended Endowment Fund.

Once the fund is set up, the Foundation will handle the administration, which includes sending quarterly statements to you showing the activity in the account.  We will work with you to establish an investment strategy that is consistent with your needs and desires for the fund as well as your preferred investment style.

Click here to review certain limitations concerning distributions from Recommended Endowments.

If you would like to receive materials about an Endowment Fund, including documents necessary to establish an Endowment, please click on the button below to requestinformation.htm or take the first step to create an endowment by downloading an Endowment Agreement.

 

     

 

 

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