Each year the individuals at the Anne Carlsen Center rely on your generous support, along with the gifts of many others, to help us carry out our organization’s mission. But did you know you can support the Anne Carlsen Center even after you pass away by leaving an endowed gift?
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 inturn supplement our programs forever.
Endowments you can make include cash, securities or other assets you create. Or, you can contribute to our organization’s already established endowment. Endowments can also be made in honor of a loved one or someone special.
Profile of a Giver of This Gift
- You are a regular supporter of the Anne Carlsen Center and want to make sure your support continues after your lifetime.
- You want to honor your family name, or someone special to you, through a charitable gift to our organization.
- You have a favorite program, or student, here at ACC and you want to support their future(s).
Is This Gift Right For You?
An endowed gift works for you if you are looking to support the future of the Anne Carlsen Center. Your endowment can provide annual funds to finance a particular project, sustain a continuing program or support our current prioritized needs.
Benefits of This Gift
- You support the future of the Anne Carlsen Center
- You can honor a loved one by naming the endowement after them
- You allow the Anne Carlsen Center to fund critical needs immediately
How to Make This Gift
To extend your support of the Anne Carlsen Center after your lifetime, consider these factors when establishing an endowed gift.
1.) Choose if you’d like the endowment to be an unrestricted or designated fund.
With an unrestricted fund, our leadership will direct your gift to our most critical needs. Many of our supporters endow their annual gifts into an unrestricted fund.
With a designated fund, you determine in advance what programs or services you want your donation to support. The specific details will be incorporated into a written description of your endowment, which must be approved by you and the Anne Carlsen Center.
2.) Decide if you’d like to fund your endowment now or after your lifetime.
If you choose to establish a designated fund through your estate, we encourage you to let us know of your wishes in advance to be sure we can honor them. We have sample language to establish an endowment that you can share with your attorney when drafting your estate plan.
3.) Determine the amount needed.
Any amount can be contributed now or upon your death to an endowment that we have already established. If you are creating an endowment today, we can inform you of the minimum amount required to establish a fund that we can name after you or someone you select. If you intend to create a designated or named endowment through your estate, however, we recommend that you:
- Specify a minimum amount in your will or living trust.
- Include a provision directing your executor to distribute more funds if needed to meet any future changes in the minimum amount to start an endowment.
4.) Include safety language for designated funds.
Nationwide, millions of dollars directed to permanent endowments are sitting in bank accounts because the original use of the funds has become obsolete. This is why we encourage you to include a statement that allows our board of directors to redistribute the funds to another area if the original use is no longer necessary. We can provide you with the language to avoid your fund becoming obsolete. This won’t be necessary if your gift is left unrestricted. We will ensure that your name still remains associated with the gift, regardless of its final use.
For More Information
We understand these gifts are complicated, that’s why we would be happy to work with you and your advisors to discuss a potential gift that meets your financial goals while also supporting our mission. You are not alone in making these life-impacting decisions. Please contact the Anne Carlsen Center Foundation at 1-800-568-5175 to help you answer any questions you may have or to futher discuss your giving options.
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The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.
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