An endowment fund can be used by donors to “endow” their annual giving. For example, Mary gave approximately $2,000 a year to her local congregation.  As part of her estate planning goals, Mary wants her church to continue to receive $2,000 annually even after her death. Working with her estate planning advisors and the Foundation, Mary created an endowment fund which will be funded with approximately $40,000 from her estate. Assuming an average 5% return, the endowment fund will distribute approximately $2,000 a year to Mary’s church.  Mary used the endowment to make a meaningful and lasting gift to the Lord’s work!

Endowment funds are also great way to establish a memorial to a loved one or remember other special occasions.  Because you choose the endowment name, you can even include the special name, occasion or purpose in the name of the fund.

These are only a few examples of how endowment funds can be used.  Your Gift Planning Counselor can help you establish an endowment fund that accomplishes your ministry goals.