
Establish A Fund (click here to see the Establish A Fund Form)
You Can Start an Endowment Fund With Just One Gift to POISE Foundation!
Any individual, organization, church, business, etc., can start an endowment fund with just one gift earmarked for a special purpose or to our unrestricted fund.
How Do Endowments Work?
An endowment is really quite simple. A donor makes a charitable contribution to POISE Foundation and POISE agrees to use a portion of the fund's balance to suit the donor's charitable wishes. That's it!
In fact, an endowment is much like a savings account. The major difference between an endowment and a savings account is the way each is spent. Typically, both the principal and interest are withdrawn from a savings account. However, with an endowment, only a portion of the fund's balance is spent (see current spending policy). This ensures the endowment continually generates grants for the purpose designated.
Endowed Gifts Keep on Giving. Forever
When a donor makes a gift to an endowment fund, something rather magical takes place. Because only earnings from the endowment are spent, the principal remains intact. That means an endowment will keep funding yearly projects forever.
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