Do you want your gift to keep on giving for the benefit of your family, friends, and community? You can establish an endowment fund whereby the capital is invested and the income from your investment is used to support an area of health care that is important to you. Funds can be endowed for a specific program or department and can be named in your honour of a family member or friend.
Because of the long-term nature of Endowment Funds, it is important to speak with our Legacy Giving Team to ensure that the hospital is able to fulfill the intention of your gift.
What is an Endowment Fund?
An endowment is an investment fund set aside for the long-term support of Lions Gate Hospital Foundation. The principal is protected and only the income, or a portion of the income, is expended. The uses of the income are controlled either by the donor’s wishes or, with the donor’s consent, at the discretion of Lions Gate Hospital Foundation’s investment committee.
How does an Endowment Fund work?
The minimum amount required to establish a named endowment fund through Lions Gate Hospital Foundation is $100,000.
After the endowment has been established, additional gifts can be added to the endowment at any time, either during your lifetime or through your Estate. Income from an Endowment can be designated according to your wishes.
The Endowment may be merged with any of the investment assets of Lions Gate Hospital Foundation, but it shall be entered in the Foundation’s books and records in the name of the donor. The income from the endowment shall be used as directed by the donor or at the discretion of the Foundation’s investment committee.
How is the Endowment Fund managed?
The services of professional financial advisors are retained to invest the endowment principal in keeping with the investment policies of Lions Gate Hospital Foundation. The Investment committee reviews and evaluates the performance of the financial managers bi-annually
How is the Endowment Fund used?
The capital may not be withdrawn for a minimum of ten years from the time the endowment fund is established. If you wish, the capital can be held in perpetuity. Interest income is paid to Lions Gate Hospital Foundation and is used in accordance with the purposes of the endowment fund.
The Benefits of Creating an Endowment Fund
- Donations to Endowments survive in perpetuity, creating true legacies – the benefit of your gift can be magnified beyond that which you may have been able to give in your lifetime.
- Strategic Impact – creating an endowment fund will ensure a perpetual income stream to support those issues you care most about well into the future
- Can be established in your lifetime and added to at any time – you can start to see the benefit of your gift immediately and know that support will continue in perpetuity.
Talk to our Planned Giving Team
If you would like confidential assistance regarding creating an Endowment, or would like additional information, please contact:
Director of Planned Giving
Email: [email protected]