What is an endowment?
An endowment is a permanent fund that is carefully invested for growth and to earn interest income. It provides a dependable revenue system year after year. The principal, or gifts to the endowment, remain intact and a portion of the investment return is available annually to support and sustain the mission of an organization. The United Way’s endowment works in tandem with the Annual Campaign to build capacity in meeting both current and future needs and provides long-term financial security.
I already donate to the Annual Campaign. How will my gift to the endowment affect my donation?
The United Way appreciates your loyal annual support. A gift to the Foundation is a way to ensure that your support continues in perpetuity. A gift to the Annual Campaign impacts lives today and a gift to the Foundation impacts lives forever.
Are there options in designating my endowment gift?
Yes. Placing the emphasis on our donors and their charitable intentions, the endowment is comprised of a restricted fund and an unrestricted fund. You may choose to make a gift to the restricted fund which supports United Way partner agency programs, or you may choose to make a gift to the unrestricted fund which more broadly supports all United Way’s roles in the community.
Who manages the endowment?
The United Way Foundation is governed by a local volunteer Board of Directors. It is comprised of estate planning attorneys, CPAs, Certified Financial Planners, trust officers and community leaders who are focused on devising the best strategies to build and invest the endowment, continually monitoring performance. You can rest assured that your endowment is in the best hands possible.