There are two types of endowed funds:
True endowed funds are created when a donor instructs the Foundation that the principal of the gift should be held forever, and the income used to fulfill the donor’s intent. The principal is never spent; it is invested as part of a pool of endowed funds to generate income in perpetuity.
Term endowed funds
exist for a defined period of time (a minimum of five
that time, the principal and the earnings could be used in
different ways, depending on the wishes of the
donor: 1) the
principal and all earnings are expended as the donor
specified so that no funds remain at the end of the term;
2) only the
earnings are used and the principal returns to the donor
at the end of
the designated period of time.
When you endow a fund, you have the option of deciding how you would like it to be named. You may name the fund after yourself, or you may use it as an opportunity to honor and pay tribute to mentors or loved ones.
You may establish an endowed fund with a minimum $10,000 gift for certain purposes, such as providing unrestricted resources for an academic unit or for a student award. For endowed scholarships, the minimum gift is $30,000. The amount varies for endowed professorships or other programs.
You may establish an endowed fund in several ways:
We would be happy to answer
about establishing an endowed fund. Please contact us to
questions about your area of interest, at our email.
of real estate to UdG
is a unique way to provide a lasting
benefit to the University and a convenient way
for you to enjoy a charitable deduction. These gifts could include residences, vacation homes, farms, ranches, commercial
property or undeveloped land, here in the Golfito area, or anywhere in the world.
charitable deduction is based on the current fair market
value of your
property, and it can reduce the size and complexity
of your estate. An added benefit to donating property is that, in most cases, the Foundation can assist in determining if a property should be held and managed, or sold with the profit being invested. In either situation, the income generated will benefit the
purpose designated by the donor.
only can real estate be used to make outright gifts, it
can also be
used to make future gifts to the Universidad del Pacifico
For example, real estate can also be used to fund a charitable remainder trust or a charitable gift annuity. A trust or annuity would provide you and/or another beneficiary with income for the rest of your life or lives. Ultimately, the remaining value would be transferred to the University of Golfito Foundation to benefit the area you choose.
gift allows you to give your home to the Foundation while
right to live in it for the rest of
your life. In addition to homes, other examples of real estate gifts include farms, income-producing property or undeveloped
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Publicado por Oficina de Divulgacion, Universidad del Pacifico Sur (ProSur), Golfito 60701, COSTA RICA
Last updated: 20 January, 2014