How to Fund Your Endowment
"Only rich people can create endowments." Has this thought kept you from considering the creation of your own ST. ANTHONY TRI-PARISH CATHOLIC SCHOOL FOUNDATION endowment fund? If so, the next few paragraphs may change your mind. You'll discover that nearly anyone, with a little planning, can establish an endowment.
Right up-front, you need to know that ST. ANTHONY TRI-PARISH CATHOLIC SCHOOL FOUNDATION requires a minimum of $20,000 to create a named endowment. This may seem like a lot of money, but consider these options.
Do It Now
Some folks prefer to establish their endowments now so they can enjoy watching them grow and benefit ST. ANTHONY TRI-PARISH CATHOLIC SCHOOL FOUNDATION.
- Use Cash. Finding enough cash to launch an endowment is rarely possible. But sometimes we receive an unexpected windfall through an inheritance or
the larger-than-expected proceeds from the sale of a valuable asset.
It may also be helpful to know that ST. ANTHONY TRI-PARISH CATHOLIC SCHOOL FOUNDATION permits a donor to fund an endowment over a 5 - year period. Spreading cash gifts over several years may also have tax benefits for you. - Use Securities. Do you have publicly traded stock that is highly appreciated in value but low in dividend return? Why not use this to start your endowment? Since ST. ANTHONY TRI-PARISH CATHOLIC SCHOOL FOUNDATION can sell your stock without incurring a capital gains tax, it may be the perfect funding method for you.
- Use Tangible Property. Almost anything of value -- cars, boats, gems, etc. -- can be given to ST. ANTHONY TRI-PARISH CATHOLIC SCHOOL FOUNDATION. We will sell the item(s) and place the proceeds in your endowment. Take a good look in your attic; you may find the makings of an endowment.
Do It Later
While it may not be feasible to start an endowment now, your estate will likely have enough resources at your death. Consider these possibilities:
- Use the Remainder of a Trust. Donors sometimes establish a trust during life to provide themselves with ongoing income. When they are gone,
whatever remains in the trust is disbursed according to instructions in the trust document. This, of course, can include the funding of an endowment
with ST. ANTHONY TRI-PARISH CATHOLIC SCHOOL FOUNDATION.
Trusts are very popular as gift and estate planning tools and may provide you with an excellent way to establish your endowment. - Use Insurance Proceeds. Do you have a life insurance policy you no longer need for protection? You could sign part or all of the policy over to ST. ANTHONY TRI-PARISH CATHOLIC SCHOOL FOUNDATION for the purpose of creating an endowment when you are gone.
- Use a Bequest From Your Will. The most popular way to fund a future endowment is to earmark a portion of one's estate for this purpose. If you do decide to create an endowment through a bequest, be sure to talk with our executive director to make sure your attorney uses our proper legal name and address.
Do It Now AND Later
You may want to start your endowment now, modestly, and then add to it later through your estate plan. This way you could see the fund in operation and
enjoy knowing the good it does.
Do you want to learn more about ST. ANTHONY TRI-PARISH CATHOLIC SCHOOL FOUNDATION'S endowment program and discover additional ways to fund an endowment? Contact Paula Gillette, our executive director at (307) 234-2873.
