Endow your annual gift
Bill: We learned that an endowment is a fund that provides a permanent source of ongoing income for nonprofits.
Karen: We have set up gifts in our will to go to the endowments of the charities we support. The amount of each gift in our will is 20 times the amount of our annual donation. When we pass away, these endowment gifts will produce permanent, ongoing income for each nonprofit that is equal to our current annual gift and grow over time.
Bill: For example, we give one nonprofit $2,500 each year. To replace this annual gift forever, we are donating $50,000 in our will to their endowment ($2,500 x 20 = $50,000). The charityís endowment is invested and will continue to grow over time. It will distribute 5% of the fundís value each year to the nonprofit ($50,000 x 5% = $2,500).
Karen: This is our way of leaving a lasting legacy and it gives us peace of mind that the charities we care about will not suffer from losing our donations.
Is an endowment gift right for you?
When you make an endowment gift, your gift is invested and maintained in perpetuity, and creates a lasting, permanent difference to Oakland Symphony.
To learn more about how you can protect and preserve Oakland Symphony by making a gift to our endowment, please contact us.