What is an endowment?
An endowment is an investment account that allows donors the chance to create a permanent gift that will continue their tradition of support.
A gift to the endowment is invested, and the income is used to support our Community Partners or the operating expenses of United Way. At the time a gift is made, donors select the option they prefer.
How does it work?
Each year, a portion of the investment accounts earnings is used to fund services in the community. The original gift from the donor is invested in a conservative manner to grow over time, thus creating a permanent gift.
How does the United Way Endowment help our community?
The United Way Endowment was begun in the late 1990’s. Since that time, over $390,000 in funding has been generated.
How can donors make a planned gift?
Donors can make a current gift through cash, appreciated stock or securities, real estate or other personal property. Rolling over a portion of an IRA is another option for donors over 70 ½ years of age. Some donors prefer to create a gift through a will, estate plan or life insurance.