Planned Giving - Donor
Directed Endowment Fund
You may use a financial gift to create a Named Endowment Fund to honor and/or memorialize the name(s) placed on the Endowed Fund as well as providing a continuing resource for Literacy Partners.
What is an Endowed Fund?
Donors or groups of donors can create an endowed fund by having their investment set aside in a special account that will be invested for future use. The income earned from these endowments is used to fund our programs. The principal contributed remains intact, ensuring that funding our programs is generated on an annual basis.
Why Should I Create an Endowed Fund?
Endowed Funds are necessary for the growth of Literacy Partners. By creating an endowed fund, you will help ensure the future of Literacy Partners.
How Do I Create an Endowed Fund?
You can create an endowed fund with a minimum initial donation of $25,000.
Endowed funds can be established for the following:
Programs
- Adult Basic Education
- Family Literacy
- English for Speakers of Other Languages (ESOL)
- Financial Literacy
- Health Literacy
- Adult Counseling Services
Center
- One of our current teaching centers
- The establishment of a new teaching center
How Are The Funds Invested?
All donor-directed endowment funds are combined and invested in accordance with the investment policy established by the Literacy Partners Finance Committee of the Board of Directors. The annual return earned on the investments is added and equally distributed to all the funds in the pool to guarantee that all specific funds continue to grow at an equal rate.
How Are My Endowed Funds Used?
Literacy Partners Finance Committee of the Board of Directors has established a 5% spending policy limit on endowed funds. Therefore, awards from endowed funds will not exceed an amount above five-percent of the total invested amount of the fund.
Contact Us
For additional information about establishing a Donor-Directed Endowment Fund for Literacy Partners or to set up an appointment to discuss this or other planned giving options, please contact David Nathanson, Director of Finance at 646-237-0123 or davidn@literacypartners.org.
Be sure to consult your financial advisor before making a planned gift.
