An endowment is an investment fund set aside for the long-term support of a charity. A named endowment can be established in your name or the name of someone you wish to honor or remember.
This is a great type of charitable gift because an investment fund can guarantee income for Yaldei for many years to come. With this type of fund, the principal remains invested. Only the income, or a portion of the income, is spent. The income from a named endowment is usually used for a designated purpose (this can be specified by the you).
Speak to an investment adviser for help setting up this type of charitable gift.
For more information please call Lillian Vennor at 514-279-3666 x 245 or Email us.
All discussions are in the strictest confidence.