Legacy Funds
Click here to start a Legacy Fund!
What is a Legacy Fund?
A Legacy Fund is an incredible way for you and your family to provide for the needs of abused, neglected, and orphaned children for generations to come! A Legacy Fund is a named fund that is part of the Children’s Homes’ endowment. For example, if your family name is Jones you can set up a Legacy Fund to be called the Jones Family Fund. You can also start a Legacy Fund in the name of your business or other entity.
You can contribute to your fund periodically and watch it grow over time. All the while you will know that your fund will be generating much needed gifts for the Children’s Homes year after year. What a wonderful investment!
How does an endowment work?
The endowment funds are invested conservatively but also allocated diversely among a variety of investment vehicles designed to preserve capital and at the same time generate earnings for the Children’s Homes’ ministry.On an annual basis, funds are appropriated from the endowment and its earnings to provide for the needs of abused, neglected, and orphaned children. The appropriation is based upon a fixed percent as approved by the Board of Trustees’ Investment Policy that is designed for preservation of the endowment in perpetuity.
What amount is needed to start a Legacy Fund?
You can start a Legacy Fund with a minimum commitment of $10,000. If you are like many individuals this may sound like a daunting amount. However, the commitment may be spread out over a three year period.For example, a $10,000 endowment can be funded with a monthly gift of $277 over a three year period. A $50,000 endowment can be met with a $1,388 monthly gift and a $100,000 endowment with a $2,777 monthly gift.