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There
are many different ways to make a planned gift. While we are pleased
to provide you with a general outline of gift planning options,
we strongly recommend that donors who are considering a
planned gift review their situation with their lawyer, accountant,
financial planner or other professional advisor.
Endowments
An
endowment gives the donor the opportunity to give a gift that will
continue to provide revenues into the future. An endowment is a
contribution where the principal is held in perpetuity and the income
or interest from the principal is used for the purposes as outlined
in an endowment agreement. The purposes for which the interest may
be spent can be very general in nature or restricted to a specific
area. Endowments do not allow the trustee to draw from the principal,
unless outlined in the agreement.
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