Endowment Fund: FAQ
What is the WCA Endowment Fund?
The object of this Endowment is to provide funds in perpetuity for the operation of all of the WCA’s programs to provide safety, healing and freedom from domestic abuse and sexual assault.
Why give to the WCA Endowment Fund?
Gifts to the Fund help to ensure that the WCA’s much-needed services have a sustainable funding source that is not dependent on annual grants. A gift to the WCA Endowment Fund is an excellent way to create a memorial to a loved one or a legacy for you. Donors who make provision for the WCA in their estate plans will be honored as part of the Heritage Society. Ask us for more information about planned giving opportunities.
How will proceeds from the fund be used?
Donations to the Endowment by way of bequest, trust, life insurance proceeds or any other arrangements are considered part of the Endowment principal and are considered restricted from use by the WCA to fund ongoing operations. The earnings on the Endowment will be used to fund the programs and services of the WCA.
How will donations to the endowment be invested?
The Endowment invests funds for the long term to provide annual distributions to be used for general WCA operations. The Endowment Fund will also grow through the reinvestment of returns in excess of the annual distribution.
When will the fund begin making distributions?
Distributions in support of the WCA from the Fund will begin once the Fund reaches $1 million. Our fundraising goal for the Endowment is $10 million.
What kinds of gifts will the fund accept?
In addition to cash gifts, the Fund can accept gifts of real or personal property, stocks, life insurance proceeds, and certain trusts or annuity contracts, as well as noncash gifts. The Fund may choose to decline a gift that could compromise the ability of the organization to accomplish its goals or that would jeopardize our exempt status.
How is the fund monitored?
The Fund is under the ever-vigilant stewardship of the WCA Board of Directors. Please ask to see our Acceptance Policies and Investment Guidelines.
If you are interested in learning more or contributing to the WCA Endowment Fund, please contact Laura at 208.343.3688, ext. 282.
EVENTS
