Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

I/we can afford a large endowment contribution. How can I/we make a smaller gift that will keep on giving?

April 26, 2017afford contribution endowment gift giving large smaller

0

Posted

I/we can afford a large endowment contribution. How can I/we make a smaller gift that will keep on giving?

1 Answer

0

Posted

You may direct a gift of any size to existing special-use endowment funds or to the unrestricted/general endowment. A donor may also set up a sequence of contributions to reach the minimum required for a permanent endowment fund. When $25,000 accumulates, the donor can establish a permanently named fund that will generate interest income each year to support Mercy Medical Center or other health programs.