Tuesday, January 28, 2025
To Infinity and Beyond! Issues and Opportunities in Fundraising for Endowments 9:00 a.m. – 10:00 a.m.
Philip M. Purcell
Director of Planned Giving for the Central Territory of the Salvation Army
Building permanent endowments is a priority for many charitable organizations. Endowment revenue can serve as a hedge against inflation and help pay for the rising costs of an organization. Some lenders may also consider an organization’s endowment size when determining suitability for loans or bond ratings. Organizations with endowments often promote them as an aspect of institutional prestige and long-term sustainability. This stability can leverage additional financial support by those who regard their gift as a perpetual investment in an important mission. Endowments also receive loyal annual and major outright gifts and the residual of deferred planned gifts. For all these reasons, it is important for the gift planner to understand what an endowment is, how it is created and the special rules that apply to endowments so that you are not gambling your organization’s future!