Why do we have an Organization Endowment Fund?
The Charitable Society of Charleston created an endowment fund at Coastal Community Foundation (CCF) to provide for the longterm stability of our agency. We can either spend a portion of the interest that is earned each year or allow the interest to build up over a period of years to increase the size of the fund. In either case, our endowment fund is permanent. The initial investment that created the fund, along with the gifts that are added over the years, will always be at CCF to generate income to meet our future needs and allow us to make grants to local charities.
What is Coastal Community Foundation and why is our fund there?
Coastal Community Foundation was created in 1974 to provide a lasting source of income to meet
community needs. It administers hundreds of charitable funds for individuals, families, organizations and businesses and awards grants to nonprofit organizations to enrich the lives of the people of the Lowcountry. Currently, CCF manages more than $110 million in combined assets. (For more information about CCF, visit www.CCFgives.org.)
- Our endowment fund benefits from CCF’s investment expertise and from being part of a large portfolio of combined assets.
- CCF handles all administrative, as well as investment responsibilities for our fund, freeing our staff to concentrate on our mission.
- CCF employs gift planning professionals who will help our donors make current and deferred gifts to our endowment fund.
How can donors contribute to our endowment fund?
Our endowment fund at the CCF gives donors – some of whom already support current operations and programs – the opportunity to provide for the future needs of Charitable Society of Charleston.
There are many types of gifts and giving vehicles that provide donors with the maximum tax and financial benefits. They include:
- A gift of noncash assets, including appreciated stock, retirement plan assets and life insurance.
- A bequest, which is a deferred gift given through a donor’s will.
- A life income gift, which allows a donor to make a charitable gift and also receive a stream of income for life. The two most common types of life income gifts are charitable gift annuities and charitable remainder trusts.
- A charitable lead trust, which helps a donor reduce gift and estate taxes when passing assets on to heirs. Trust income is paid to charity annually for a period of years? at the end of the term, the trust principal passes to family members.
How can donors learn more about contributing to our endowment fund?
Email us at email@example.com.
Visit Coastal Community Foundation’s Web site at www.CCFgives.org to learn more about planned giving vehicles that will benefit Charitable Society of Charleston’s endowment fund.