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ENDOWMENT OPTIONS
An outright gift or an estate gift can be designated to either or both endowment funds. The annual returns on the investment of the funds are used for current expenses and programs. The principal is not touched, only the interest is used. This ensures continuous funding which counters campaign losses during negative economic times. General Endowment Fund supports the overhead/administrative expenses of United Way so that 100% of the campaign dollars are directed to the agencies and programs. Services Endowment Fund supports/enhances annual campaign contributions to agencies and programs. The annual campaign falls short of providing the needs expressed by the agencies. The income from the Services Endowment supplements the campaign proceeds to the agencies. Donors can designate to either fund or choose to have the gift income used wherever the need is the greatest. For more information about United Way's Planned Giving Program, contact Brent Taylor at United Way of Greater Chattanooga at 423.752.0310 or by e-mail. |