Gifts made to a non-profit charity’s endowment fund are seen as gifts that keep on giving and which help organizations become financially sustainable. Why is this the case?
An endowment is a fund of money held in perpetuity. The money in this fund is invested in stocks, bonds, and other vehicles, and an annual income is earned from this investment; the principal remains intact. The return from the investment of this money may be used for a charity’s projects, programs, or general operating fund.
Gifts to endowments can be made from many sources, including cash, property, or securities, and may be received as a lump sum or, in the case of deferred or planned giving, over time.
What is the Legacy Endowment Fund?
The Legacy Endowment Fund was established in 2002 by the Nikkei Place Foundation and the purpose of this fund was to provide an ongoing revenue stream of grants for exhibits, programs, services and operational expenses at Nikkei Place.
The goal is to raise $10 million for the Legacy Endowment fund so that it will be able to generate approximately $500,000 per year in interest.
Donations made to the Legacy Endowment Fund can be gifts of cash, securities, property and can be made in a lump sum, deferred gift or planned gift. Currently, there is approximately $860,000 in the Legacy Endowment Fund.