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Endowment Funds

The purpose of an endowment fund is to financially sustain the mission and work of a charitable organization. The principal of an endowment is kept intact and only the annual earnings, typically income and a portion of the capital growth, are used to fund current needs. Our organization has established its endowment so that we can continue to carry on our important work in the years to come. You can make a significant contribution to further Turning Point's mission'and it's easier than you might think.

A Few Giving Strategies That Can Benefits You and Build Our Endowment

Charitable Life Estates - A gift of your property is one way you can help build our endowment. With a charitable life estate, you can make your gift to us today and continue to use and enjoy the property during your lifetime. This gift is as simple as deeding your property to us with a provision in the deed that permits your continued use. You are entitled to a charitable income tax deduction, and the property is removed from your estate. In the future, our organization can sell or make use of the property for our mission.

Bequests - A bequest is one of the easiest gifts you can make to sustain our endowment. To most people, the most familiar type of bequests are gifts made through a provision in a will or trust. You can make a bequest of a dollar amount, a specific asset, or a percentage of or the residue from your estate. Our supporters like the fact that bequests are gifts that are made through an estate plan and are revocable, meaning you still have the opportunity to change your mind.

Beneficiary Designations - In addition to "traditional" bequests made through your will or trust, you can use beneficiary designations to endow our work. It is typically easier to make a gift by completing a beneficiary designation form provided by your account administrator than it is to visit your attorney and update your will. Benefits include avoiding probate, tax savings, it's revocable, and it's easy to do.

Charitable Life Income Plans - Charitable life income plans such as the charitable gift annuity and charitable remainder trust enable you to make a future gift to endow our work while protecting or enhancing your current financial security. With a charitable life income plan you will receive lifetime payments, generate a current income tax deduction, and bypass all or a portion of the capital gains on appreciated assets.

Contact Us

If you have any questions about endowment funds, please contact us. We would be happy to assist you and answer any questions you might have.