An endowment provides ongoing funds for the ministry of your choice by distributing part of the income from the investment to the ministry on a continuing basis. Endowments are established with either present gifts or through planned and deferred giving, perhaps through a will or trust. The funds are deposited with the Foundation and each year a distribution is calculated based on the spending policy determined by the donor. The distribution is made in the donor’s name to the ministry or ministries designated by the donor. Typically an endowment might provide that 5% of the year-end market value of the endowment is distributed annually to ministry. There is no cost to establish an endowment, although there is a small administration fee deducted each year from the endowment.

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