An endowment fund is a donor restricted gift that is not spent immediately but is invested. Endowments annually distribute a portion of the invested funds to provide ongoing, predictable financial support for our Savior’s ministry.
Giving through an endowment fund provides the following benefits:
- An endowment provides a framework for receiving cash gifts, appreciated property (stocks or real estate), and other planned gifts, such as through a will, trust, beneficiary designation on a retirement account, or insurance proceeds.
- An individual can use an endowment to continue his or her charitable gifts even after being taken to heaven.
- An endowment provides additional funding for current operations as well as money for future and expanded efforts.
- An endowment is an ongoing witness of Christ’s love that compelled you to make a current or estate gift (will, etc.) to glorify God and share his love with others.
A donor or group of donors can work with WELS Foundation to establish an endowment fund. WELS Foundation provides a full-service endowment program including promotional material, endowment statements, investment management, and annual distributions.