Establish an Endowment

What is an endowment?

An endowment is a long-term investment to benefit a specific cause or nonprofit organization. Endowments are established to provide a steady income stream for the future while the principal (original permanent gift) stays intact.

How do I establish an endowment?

Endowments may be established with an initial gift of at least $10,000. Gifts of cash, stock, real estate or any other appreciated assets may be used to establish an endowment. The donor must also complete an endowment agreement. Once established, gifts of any size may be added to the corpus of the endowment.

How is the endowment managed?

The Foundation Board of Trustees established an investment policy to ensure its assets are diversified.

What do you dream your legacy will be? You can fight hunger, support academic scholarships or help the arts. The Foundation can help you meet these goals for years to come.

Contact Frank McMeen at (731) 984-2140 for more information.

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