Creating an Endowment Fund
Once you decide to create an endowment fund, the first step is to identify the purpose for your named endowment – such as a church work scholarship, education scholarship, library resources and so on. Next, you will sign the Endowment Fund Agreement, prepared by the Concordia University Foundation. A minimal initial gift of $20,000 is necessary to establish an endowment fund. This initial gift can be made all at once or over a period of three years. You, your family, and others can make additional gifts to the endowment fund at any time. You can also make deferred gifts (such as bequests, charitable remainder trust, and life insurance) to the endowment fund.
Fund Maintenance and Usage
The gift to the endowment fund is invested by the Concordia University Foundation. The foundation’s Board of Directors is responsible for the legal and administrative duties associated with managing the endowment fund. And at the end of each fiscal year, the foundation creates and sends an annual statement to the endowment’s contacts, recapping the current status of the endowment fund along with notification of any scholarship recipients.
Interested in setting up an endowment fund? Please contact the Concordia University Foundation at 503-280-8505 or send us an email:firstname.lastname@example.org