Endowed Gifts: Getting Started
Each year we rely on your generous support, along with the gifts of many others to help us carry out our work.
But have you ever thought about what will happen after you die? Without special measures, your support will die with you. To ensure our programs and funding do not suffer, please take time now to consider leaving an endowed gift-an enduring statement of your support.
How It Works
When you make an endowed gift, only a small portion of your gift will be spent, allowing the remaining amount to continue growing. That portion of your gift will supplement our programs forever.
You can give cash, securities or other assets to an endowment you create. Or, you can contribute to our organization’s already established endowment.
General Unrestricted Endowment
Your gift provides unrestricted support for the Alliance, its facility and programs.
Education Endowment
Your gift provides restricted support for Alliance Education and Community Engagement Programs that benefit preK-12 students and adult learners.
Operations Endowment Fund
Your gift assures the long-term success of the Alliance by providing restricted support for building needs, facility maintenance and capital equipment purchases.
Programming Endowment
Your gift helps the Alliance assure the future of live theater by providing funds to local nonprofit performing arts groups and providing world class entertainment..
Named Endowments
Minimum gift amounts for Named Endowments: $60,000 or minimum endowment level in place at the time the gift is received. Donors can fund their endowment with gifts over a five year period. Endowments not reaching the minimum level by the end of a five-year period will become part of the overall unrestricted endowment.
Did you know?
You can set up an honorary endowment in your will so that your name, or the name of someone special, can live on forever.
Example: Let’s say you would like to make sure a qualified charitable organization receives $1,000 every year after your lifetime, and the organization spends 4 percent of its endowment each year. This means that the organization spends that amount and any earnings over that are reinvested in the fund for future growth.
To calculate the amount needed to perpetuate your gift, divide the annual gift amount, $1,000, by the amount called for in the spending policy, 4 percent, and you get $25,000. So, contributing just $25,000 can continue your $1,000 gift indefinitely!
Endow Your Gift
If your annual Perpetuate it by giving: gift is:
$100 $2,500
$250 $6,250
$500 $12,500
$1,000 $25,000
$2,500 $62,500
$5,000 $125,000 (1)
(1) At a 4 percent endowment spending level, 25 times an annual gift amount equals an endowed perpetual gift
Please contact us at (805) 449-2590 with any questions about how you can help us carry out our important work forever.
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The information in this website is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to income tax apply to federal taxes only. Federal estate tax, state income/estate taxes or state law may impact your results.