Endowed Gifts: Getting Started
Each year we rely on your generous support, along with the gifts of many others, to help us carry out our work.
But did you know you can support Northern State University even after you pass away by leaving an endowed gift—an enduring statement of your support?
|Learn more about shaping our future through endowments and memorials.|
How It Works
When you make an endowed gift, your contribution is invested with and becomes part of our endowment. An annual distribution is made for the purpose you designate. Because the principal remains intact, the fund will generate support in perpetuity.
You can give cash, securities or other assets to an endowment you create. Or, you can contribute to our organization's already established endowment.
You can set up an honorary endowment in your will so that your name, or the name of someone special, can live on forever.
Let's say you would like to make sure a qualified charitable organization receives $1,000 every year after your lifetime, and the organization spends 4 percent of its endowment each year. This means that the organization spends that amount and any earnings over that are reinvested in the fund for future growth.
To calculate the amount needed to perpetuate your gift in this example, divide the annual gift amount, $1,000, by the amount called for in the spending policy, 4 percent, and you get $25,000. So, contributing just $25,000 can continue your $1,000 annual gift forever!
Endow Your Gift1
|If your annual
|Perpetuate it by giving:|
|1At a 4 percent endowment spending level, 25 times an annual gift amount supports our mission in perpetuity.|
Minimum gift sizes and spending levels vary by organization. Gifts to an endowment named after you or a loved one may require a higher minimum. Please contact Todd Jordre at 605-626-3005 or email@example.com for current endowment information and to learn more about how you can help us carry out our important work forever.
Getting Started | Is This Gift Right for You? | Case Study | How to Complete Your Gift | Action Items
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The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.