A Legacy Fund is a named fund that is part of the Children’s Homes’ endowment. You can set up a Legacy Fund in your family’s name. You can also set up 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 support for our care of abused, neglected and orphaned children.
Actually, planning your estate can be a wonderful process where you have an opportunity to reflect upon God’s blessings in your life … your family, the possessions that God has allowed you to manage, and your faith. In order to assist you in this process, we have provided some “layman friendly” estate planning information that can enable you to protect your family as well as be a wise steward of the assets that God has entrusted to you to use for His glory while you are here on earth.
How does the Children’s Homes’ endowment work?
The Children’s Homes’ endowment funds are invested conservatively and 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.
Funds are appropriated from the endowment and its earnings on an annual basis 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, which is designed to preserve 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 fully funded with a monthly gift of $277 over a three year period.
Make a Legacy Fund donation to honor someone special.
Gifts to your Legacy Fund are a great way to honor someone special or to mark the memory of a special occasion.
For example, you can make a gift to honor the memory of a loved one who has passed away or honor a special occasion such as a wedding, anniversary, birthday or holiday.
A Legacy Fund remains over time.
A Legacy Fund is permanently fixed to the Children’s Homes’ endowment fund, which means that your Legacy Fund also continues into perpetuity.
This makes it a great way to involve your children and other family members to make a difference for abused, neglected and orphaned children.
For more information on establishing an endowment fund, contact Averitt Ennis at 863.687.8811 or Averitt.Ennis@FBCHomes.org.