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Download My KitAn endowment gift to the FarmHouse Foundation today provides a brighter picture for our future. When you make a donation to an endowment, you give a gift with both immediate and long-term benefits.
Endowment donations are invested and can be established for $10,000 or more, which will support your gift intentions in perpetuity. Endowment funds are permanently restricted, so only the income from the fund can be used for the purpose agreed to with the donor when we accept the gift or receive estate planning information.
Historically the Foundation's return on the endowed funds has averaged 6–8 percent and has paid out 3–5 percent for qualified educational programs and projects. The current spending allowance is set at 3.5 percent, with a 1.75 percent administrative expense, for a total annual withdrawal of 5.25 percent. Any growth above the total withdrawal amount is added to your fund's principal balance to help offset years when investment returns may be negative and to provide a hedge against inflation. When the principal in the fund grows, so too, will future distributions.
Longtime FarmHouse Foundation supporters Susan and Charlie have two goals: First, they want to make sure the Foundation continues to receive support after they're gone. Second, they want to memorialize Charlie's parents, Mr. and Mrs. Jones.
Susan and Charlie make a $25,000 donation to the Foundation, which we invest, and each year, a portion of the income from the invested money will be used to support our mission in honor of the Joneses. Plus, Susan and Charlie qualify for a federal income tax charitable deduction on their taxes.
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