The Gift of A Secure Future
Philanthropic endowments have been a major source of income for many organizations, dating back to the 1600s, including:
- Churches and religion-based groups
- Fine and performing arts
- Science and research facilities
- Educational institutions
Most non-profits prefer the gift of an endowment over a stock option. With an endowment, the gift amount should be both guaranteed not to decrease, and guaranteed to increase in value. Beneficiaries can then use these endowments as the funds become necessary to run the organization, as well as to provide the necessary funding to fulfill the organization's purpose.
When you give this type of gift, the recipient can then decide when, or if, they want to take a distribution from it. This gives them more control over the funds used than variable stocks, which may not be at their highest value at the time of desired use.
Contact Phyllis Titko Insurance to set up your endowment fund today.