Endowment

A Gift That Grows
Endowments are a way to combine a donor's vision with the Foundation of Chatham-Kent Health's Alliance's needs and objectives. Your grandchildren, great grandchildren and further generations will encounter their own heritage as they see your family's endowment benefiting the community. Working together, the Foundation and the donor create an endowment that reflects a commonality of goals and constitutes a permanent declaration of the donors values.

Endowments are sometimes referred to as "everlasting gifts" and are an especially rewarding way of giving. Unlike other gifts, an endowment is an enduring and forward-looking gift. Only the income from the endowment can be spent on an annual basis with the principal invested to both provide current income and growth. The investment return is used to support and sustain the Foundation while the appreciation or growth is left with the principal. Over time, the investment's performance would be able to provide annual income that far exceeds the amount of the donors original gift. Endowments are important to charities, as they establish a basis for long-term planning. Often a family will set up an endowment in the name of a loved one and contribute to the fund over a number of years. Endowments are eligible for charitable tax receipts.

How to Create an Endowment
You can create an endowment in several ways. You can do it all at once by making a major gift of cash of marketable assets, or you could make all the arrangements now and fund it with a deferred gift such as a bequest, charitable gift annuity or charitable remainder trust. We recommend that you engage your financial or legal advisor to help create your endowment for the Foundation of Chatham-Kent Health Alliance. Together with your family, this professional can help you make the best decision regarding what you want your legacy to be, how much you can afford to give now, and how your estate can add to your endowment.

How We Can Help
Please contact the Foundation office directly to discuss the area you wish to support. We can also explain how endowment funds are invested, managed and used. We're happy to provide any information that can help you create your endowment gift. Please remember, we encourage you to seek advise from a qualified professional.