Endowments: Providing Now and Forever?
When it comes to charitable giving, you might choose to make a one-time gift to support the immediate needs of an organization. But what if your investment could provide for community needs, not just in your lifetime, but forever? By establishing an endowed Fund at the Calgary Foundation, its impact will grow substantially over time.
What is an Endowment?
An Endowment Fund is a fund that is restricted. Only the interest from the fund can be spent, not the principal that anchors the endowment. The principal value of the endowment fund is kept intact, while the investment earnings can be distributable dollars used for charitable grants to nonprofits. Thus, an endowment fund can be held permanently, allowing donors to support causes they care about in perpetuity.
Contributing to an endowment Fund at the Calgary Foundation ensures the causes you most care about receive your support, forever.
Want to see how much of an impact you could make with an Endowment? Try our Endowment Calculator.
The Calgary Foundation has been responsibly and successfully managing Endowment Funds for many years. Contact us today if you have any questions or want to learn more about how we can help you start a fund.