Quarterly Endowment Update: October 2020
Greetings from InFaith Community Foundation! Below you’ll find a link to your quarterly statement, ideas to grow awareness of your endowment fund, and other timely updates as part of InFaith Endowment News, InFaith’s quarterly report to organizations with endowment funds.
Your organization’s quarterly statement is now available online. If you serve as your organization’s Fund Advisor, click here to log in and access your statement. InFaith continually monitors the performance of its investment portfolios with the assistance of investment advisors Cambridge Associates and Veris Wealth Partners. To view investment market commentary and activity, visit infaithfound.org/about-us/financials-reports.
Year-End Charitable Support to Your Organization
With Thanksgiving and Christmas ahead, now is a great time to remind supporters about your endowment fund’s presence and impact in our shared communities. If your organization’s fiscal year ends in December, consider sending a year-end letter in early December.
We recommend a short handwritten note added to the bottom of the letter to personalize the communication. Visit InFaith’s Endowment Marketing Toolkit to find a year-end letter sample that you can send to supporters.
Tax Advantages for Supporters of Your Organization
For those who itemize charitable deductions on their income tax return, have a taxable estate, or wish to avoid passing on assets that would require heirs to pay income tax, a gift to an endowment fund may provide tax advantages.
Donors can use the amount of the income tax charitable deduction to purchase a life insurance contract to replace the amount of their gift for their family heirs. Donors can also realize even greater tax savings by giving an appreciated capital asset instead of cash because this allows them to avoid paying capital gains tax on the appreciation.
By supporting the endowment fund, supporters act as stewards to and for the organization. And by using the income generated by the endowment to fulfill its mission, your organization acts as a steward to and for your supporters and the community.
We’re Here to Serve You
If you have questions about how you can grow your endowment fund, please don’t hesitate to call us at 800-365-4172, email our team, or visit our website at inFaithFound.org for additional information and resources.