Endowments are like a charitable investment fund,
where a donation is permanently invested and only
the income earned each year is used to support the
Alzheimer
Society Niagara Foundation. Endowments require a
minimum total contribution of $50,000 over five
years. It is a wonderful way to leave a legacy
memorializing yourself, a spouse, your parents,
children or a friend.
Endowment
gifts may be funded using cash, securities, paid-up
insurance policies, or other types of assets. These
funds can be created during your lifetime, or can be
arranged through instructions in your will. As part
of your legacy, a named endowment is a deeply
personal statement of who you are (or the impact a
loved one has had on your life), what you believe
should be supported long into the future.
Advantages:
An
endowment leaves a lasting legacy as the
original donation remains intact while the
interest generated from this capital provides an
ongoing source of income for the Alzheimer
Society Niagara Foundation
An
endowment may be designated to fund a specific
element of the fight against cancer, such as
research into specific areas, provincial
programs and services or operational activities
The
capital can be increased at any time by
additional donations from the donor, family or
friends
Unrestricted Endowment Fund
This type of fund is established and named to honor
a loved one, one’s self or a family name (for
example, The Jones Fund). The income is used for the
general purposes of Alzheimer
Society Niagara Foundation,
where it is needed most. Minimum gift is $50,000.
Restricted Endowment Fund
This type of fund is established and named to honor
a loved one, one’s self or a family name. The income
is used for certain specific purposes, in accordance
with the designated donations policy of the Society
(for example, The John & Mary Smith Fund for
Alzheimer
Research). Minimum gift is $50,000.
Example of wording in your will
Endowment Income - Unrestricted use
I
direct my Estate Trustee to transfer as a gift
to Alzheimer Society Niagara Foundation
the sum of $_____, (____% of my estate or
residue of my estate), to be held in trust and
kept invested and the income from which shall be
used for such purposes in connection with the
work of Alzheimer Society of Niagara as the
Board of Directors may from time to time
determine.
Endowment Income - Restricted use
I
direct my Estate Trustee to transfer as a gift
to Alzheimer Society Niagara Foundation
the sum of $_____, (____% of my estate or
residue of my estate), to be held in trust and
kept invested and the income from which shall be
used for ______.