Why set up an endowment with the EVSC Foundation? For many reasons! The purpose of an endowment fund is to sustain unfunded programs of the EVSC. The EVSC Foundation established an endowment in 2014 to carry on the important work of the EVSC.
The EVSC Foundation offers two endowment options to support programs and initiatives that benefit EVSC students and programs.
- Option 1: A minimum of $25,000 with up to 4 years to fund is required for endowments that directly benefit enrolled students of the EVSC.
- Option 2: A minimum of $50,000 with up to 4 years to fund is required for endowments that will benefit students after they have left the EVSC; i.e., scholarships to post-secondary institutions.
These options make endowments a worthwhile investment, yet provide an annual payout that makes a difference in students’ lives. Endowments may be funded with cash, securities, or through planned giving agreements. Gifts other than cash and marketable securities will be accepted on a case-by-case basis as determined by the Board of Directors (real estate, non-marketable securities, private placements, jewelry, art, etc.).
A wonderful way to increase your endowed fund is through Charity Gift Annuities and estate planning. Planning to fund an endowed account in the form of CGAs while living, or in one’s estate requires coordination with the EVSC Office of Development and the EVSC Foundation.