Endowment

Endowing your gift… How to make your gift last forever…

How can you endow your annual gift to KETCH forever? Simply stated, this involves leaving a gift in your will of an amount whose investments can create a gift for current use each year, forever.

Take, for example, if your annual gift to KETCH is $5,000, how much would it take to endow that gift so that KETCH could receive that amount indefinitely? You can establish an endowment with the help of your legal advisor with a policy for spending endowment income at, typically 5% annually. Simply divide the annual gift amount, $5,000, by the amount called for in the spending policy, in this case 5%, and you get $30,000. Thus, making an endowment of $30,000 can continue the $5,000 annual gift to KETCH indefinitely.

Applying the above principle to any given situation we see that, at a 5% endowment spending level, twenty times an annual gift amount equals a perpetual gift endowment.

The added benefit is that the spending policy of the endowment allows the asset value and thus the annual income to grow to offset inflation. Because of this increase, you can actually increase your gifts to KETCH over the years.

You may either:
1) Set up an endowment which could be the most farsighted and enduring act of your lifetime!

2) To simplify things even further, you may easily contribute to the already established endowment set up in the name of the Kansas Elks Training Center for the Handicapped, Inc. through the Wichita Community Foundation in Wichita, Kansas. (See address and phone number below).

What it means to you - it's a way for you to play a special part in perpetuating a cause that means a lot to you. What it means to KETCH - it provides a steady, dependable source of income.