Designated assets are invested to ensure their protection and growth, and payments are made from ongoing interest earned from the gifted asset. An Endowment requires that the principal remain intact indefinitely— or until sufficient assets have accumulated.
An Endowment provides the ministry of your choice with ongoing support for an unlimited number of years, even after your lifetime. In addition, it provides continual payments as opposed to lump-sum giving. They are especially ideal if you would like to continue to add assets to the fund, want to provide ongoing support to a ministry, or desire to establish a scholarship.
Endowments may be funded with cash, real estate, and securities (restricted and marketable), art, antiques, business interests, and other assets. Funding provides immediate charitable tax benefits and deductions. Minimum requirements are $10,000 for cash or securities, or $100,000 for real estate.