Endowment gift

Duncan admired the work of Bridges and the Emmanuel Episcopal Center. He established an endowed donor-designated fund to support these organizations in perpetuity. The principal remains untouched, and the Community Foundation makes grants to the nonprofits each year with the returns generated by the fund.

Donors who establish endowed funds may choose if the amount distributed annually from the Fund shall be a fixed dollar or a fixed percentage of the fund balance – usually five percent. Donors choose to create endowed funds because they want to sustain a certain level of giving year to year. Duncan had supported the two nonprofits during his lifetime and wanted his gifts to continue. He named his donor-advised fund the beneficiary of his retirement account.

You may also want to ensure continued, consistent support of the organizations and causes you care about with an endowed fund. Email Director of Development Caroline Kuebler or call her at (901) 722-0036 to learn more.