Endowment. Payments into an endowment corpus;
Endowment. The gift specified above shall be used for the purpose of creating with the Foundation an endowment fund to be known as the [name] Fund (the “Fund”). The amount needed to fully fund such an endowed fund shall be that amount required by the Foundation on the date the first gift is received into the Fund. If, after the specified pledge period is ended, the value of the Fund is less than the minimum required by the Foundation as of the date of this Agreement for the establishment and continuing support of the named fund, the Fund may be transferred to and merged with an existing endowment or other fund at the Foundation approved by the Foundation Board whose purpose will most nearly accomplish the Donor’s intention evidenced by the purpose described above. Although the endowment’s designation is intended to exist in perpetuity, the Donor agrees that unforeseen circumstances may alter or remove the subject area from the campus plan. In such an event, the Foundation Board is authorized to redesignate the purpose of this endowment, after taking into consideration the designated purpose described in this Gift Agreement. If at the time of the Donor’s death, any amounts remain outstanding on the pledge, it is the Donor’s intention that the outstanding amount becomes a debt of his/her estate and that his/her personal representatives pay such debt to the institution out of estate assets. The donor will include a provision in his/her will reflecting this commitment. Recognition This gift and subsequent gifts to this fund shall be recognized in a manner consistent with the Foundation’s and University’s recognition program. The gift recognition will be coordinated by the development program of Western Kentucky University and the Foundation and will be announced in appropriate media outlets, subject to the approval of the Donor. [insert any additional language related to required reporting on the endowed fund requested by the Donor]
Endowment. You can help ensure that innovative patient care, research and education at St. Michael’s Hospital and Providence Healthcare continue year after year by making a gift to our Hospital’s general endowment or create a permanent endowment in your or your loved one’s name. You may choose to designate your Planned Gift to one of the above areas or you may decide to apply your gift to the overall work of the Hospitals – wherever the need is greatest. Please specify: Please let us know more about you Your birth date (dd/mm/yy): Spouse’s full name (Mr./Mrs./Ms./Miss/Dr.): Spouse’s birth date (dd/mm/yy): Telephone (Home): (Work): Email:
Endowment. An ENDOWMENT AGREEMENT, entered into on the day of , 2017 between (“Donor”) and the Oklahoma Disciples Foundation, Inc. (“Foundation”), an Oklahoma nonprofit corporation, establishing a permanent endowment to be held, managed and used by the Foundation for the benefit of ministries in the manner described below.
Endowment. This Lease Agreement is contingent upon LCZ or any affiliated fundraising nonprofit establishing an endowment for the Zoo’s expansion, future capital improvements, and ongoing maintenance and repairs. LCZ shall set aside and restrict the amount of Five Hundred Thousand Dollars ($500,000.00) to fund a permanent Capital Repair and Replacement Endowment for management as the Lincoln Children’s Zoo Endowment Fund (“Endowment Fund”) to ensure capital repairs, replacements, and maintenance of the Zoo. LCZ will provide the CITY evidence of receipt of One Hundred Thousand Dollars ($100,000.00) per year over the five (5) year pledge redemption period directed to this Endowment Fund beginning on December 31, 2017. LCZ or its fiscal agent shall appropriately manage the Endowment Fund to make it available for future costs. The Endowment Fund shall be operated at all times in a manner which will make said fund tax-exempt and the donations to it deductible from taxable income to the extent allowed by the provisions of the Internal Revenue Code and other applicable legislation and regulations, as amended. LCZ will provide the terms of the Endowment Fund and a Fund Statement for CITY review. The Mayor of CITY shall approve the Fund Statement, including the purpose and criteria for use. LCZ agrees to only use the Endowment Fund according to stated purposes and restrictions in the Fund Statement.
Endowment. During the term of this Agreement, Genentech shall fund an independent, non-profit endowment to assist financially and medically needy patients, with prescriptions for Genentech HGH.
Endowment. ITC for the purposes of supporting the University as an institution of higher learning shall herein put forth a permanent endowment consisting of 8% of Net Profits, where said Endowment shall be used to create an interest bearing account at a Federally insured financial institution where said interest will be used to fund a new academic chair of science and provide for the construction of permanent facilities and the purchase of equipment that will enable this new chair to organize and implement academic services to the general public as currently regulated by any laws that govern the University. Further, 8 % of the Endowment will be used to create an additional Federally insured interest bearing account where said interest will given away in the form of scholarships to pay for academic expenses at the University to be issued at the Universities discretion. All payments to the University according to this endowment will be made annually, and paid on the February 22nd of each year from the previous year’s activities.
Endowment. (Continued) Endowment net assets consist of the following (in millions): At May 31, 2015: Donor-restricted endowment funds: Unrestricted Temporarily Restricted Permanently Restricted Total At historical value $ - $ 30.3 $ 416.1 $ 446.4 Accumulated net (depreciation) appreciation (.8) 258.1 - 257.3 Quasi endowment funds 183.6 - - 183.6 Total $ 182.8 $ 288.4 $ 416.1 $ 887.3 At May 31, 2016: Donor-restricted endowment funds: At historical value $ - $ 34.3 $ 444.0 $ 478.3 Accumulated net (depreciation) appreciation (5.8) 203.2 - 197.4 Quasi endowment funds 168.9 - - 168.9 Total $ 163.1 $ 237.5 $ 444.0 $ 844.6 Changes in endowment net assets for the fiscal years ended May 31, 2016 and 2015 consist of (in millions): Unrestricted Temporarily Restricted Permanently Restricted Total Balance, May 31, 2014 $ 186.2 $ 292.5 $ 386.7 $ 865.4 Endowment investment return: Investment income 1.1 4.5 - 5.6 Net appreciation (realized and unrealized) 4.0 17.2 - 21.2 Total investment return 5.1 21.7 - 26.8 Gifts and Trusts - 1.8 28.9 30.7 Endowment spending distribution for programs (8.1) (29.5) - (37.6) Endowment distributions reinvested .1 2.6 - 2.7 Net transfers from quasi endowment funds (.5) - - (.5) Other - (.7) .5 (.2) Balance, May 31, 2015 $ 182.8 $ 288.4 $ 416.1 $ 887.3 Endowment investment return: Investment income 2.3 8.7 - 11.0 Net depreciation (realized and unrealized) (15.3) (33.0) - (48.3) Total investment return (13.0) (24.3) - (37.3) Gifts and Trusts .1 4.0 27.1 31.2 Endowment spending distribution for programs (8.5) (32.7) - (41.2) Endowment distributions reinvested .1 2.8 - 2.9 Net transfers to quasi endowment funds 1.6 - - 1.6 Other - (.7) .8 .1 Balance, May 31, 2016 $ 163.1 $ 237.5 $ 444.0 $ 844.6
Endowment. 5.1 The balance of the amounts received by the Administrative Body in accordance with clause 3.1 above once payments have been made in accordance with clause 4 above shall be paid into the Endowment Account.
Endowment. Because endowments spend only a portion of the total return — not the funds (corpus) that formed the endowment — they are particularly valuable to the long-term stability of the University for planning. And because endowments often fund scholarships, fellowships and chairs or professorships, they are vital for recruiting faculty, staff and students at a top-quality university. The Will to Lead for Clemson is a $1 billion capital campaign to support Clemson students and faculty with scholarships, professorships, facilities, technology and enhanced opportunities for learning and research. Through initiatives that drive innovation and build a knowledge-based economy, a Clemson education will propel the leaders of tomorrow. 864-656-2121 xxxxxx-X@xxxxxxx.xxx xxxxxxx.xxx/xxxxxx 130523-02 endoWMent The need and the competition grow Through generous donations to the Will to Lead campaign, Clemson was able to grow the University endowment to a total today of $482.1 million. But the University is not keeping pace with other similar public universities in this race for a strong financial endowment. The Chronicle of Higher Education lists these endowments for area universities in 2012: University of North Carolina-Chapel Hill….…$2.2 billion Georgia Tech… $1.6 billion University of Florida… $1.2 billion University of Georgia… $744 million North Carolina State University… $635 million Virginia Tech… $584.7 million University of South Carolina… $513.9 million Clemson University… $482.1 million Clemson has set ambitious goals for the future. And with state support at a record-low 11 percent for 2012-2013, private support has never been more vital. Endowments are urgently needed to • fund scholarships and fellowships for deserving students; • attract renowned faculty; funds at Work The often complex world of endowments can best be explained through an example. Below is an example of an endowment fund that is established at the current minimum of $25,000, paid in three annual installments: $10,000 year one, $10,000 year two and $5,000 year three. Fiscal Year XX0 XX0 FY3 FY4 XX0 XX0 XX0 XX0 Gifts $10,000 $10,000 $5,000 _ _ _ _ _ Growth _ $1,050 $1,649 $1,939 $2,020 $2,088 $2,152 $2,216 Payout Allowed _ _ _ _ ($783) ($1,045) ($1,176) ($1,232) Market Value $10,000 $21,050 $27,699 $29,638 $30,875 $31,918 $32,894 $33,878 Calculated Payout $783 $1,045 $1,176 $1,232 Corpus Balance $10,000 $20,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 Appreciation Balance $1,050 $2,699 $4...
