Permanent Endowment Fund
In late 2006, The Qureshi Family Foundation provided a generous donation to Vital Ground to establish the organization's first true endowment. The Permanent Endowment Fund, as it has been designated, will be held in perpetuity and invested in a manner that protects the principal while the investment income provides ongoing support for projects and expenses approved by the Board of Trustees. The Permanent Endowment Fund and all future endowments will be maintained in full compliance with the rules and guidelines of the Uniform Prudent Management of Institutional Funds Act.
The Permanent Endowment Fund is a winner for both you, the donor, and Vital Ground:
A Winner for the Donor
- Provides an opportunity for a donor to make a tax-wise planned gift.
- If you are a Montana resident, you may qualify for a special state tax credit with your gift to the Permanent Endowment Fund. (Click here for more information.)
- Offers a new way for a donor to give.
- Gives the donor the satisfaction of knowing his or her gift will continue to be helpful - in perpetuity.
- Allows the donor to experience deep fulfillment, giving them a sense of "ongoing positive impact" that simply cannot be achieved by any other means.
A Winner for Vital Ground
- Provides a source of revenue for the organization in two ways.
- The vast majority of gifts to an endowment represent revenue that is not normally received via standard fund-raising efforts or foundation donations. Donors to endowment funds may make the gift of their lifetime through a planned, tax-wise donation via a Gift Annuity, Charitable Trust, Bequest, Appreciated Stock, or other planned gifts.
- The annual earnings from the Permanent Endowment Fund will continue to be a source of revenue - in perpetuity
- May help keep Vital Ground viable during rough times. If institutions have strong endowments, they can often weather the "down years" providing a beacon of hope in the midst of turbulent times.
If you would like to learn more about Vital Ground's Permanent Endowment Fund, we invite you to contact Vital Ground's Development Department at 406-549-8650 or development @ vitalground.org.
