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What Is Needed To Establish A Personalized Endowment Fund?

April 26, 2017endowment fund needed personalized

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What Is Needed To Establish A Personalized Endowment Fund?

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A personalized Endowment Fund can be established with a gift of $10,000 or more. This can be done through an irrevocable gift of cash, stock, real estate, or any other giving option. In establishing a personalized Endowment Fund, it is the donor’s decision to determine the name of the fund as well as how the annual income is to be distributed. After a donor has made a gift to establish an Endowment Fund, a resolution is prepared for the next Board of Trustees meeting for formal approval of the name of the fund and the designation of annual income.