How to Support

Fundacion UdG (ProSur)

Endowed Funds

By establishing an endowed fund, you can make an impact that can last for generations. These funds can support students, faculty, programs and building maintenance in perpetuity or over an extended period of time, depending on your specifications.

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 years). During that time, the principal and the earnings could be used in two 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:

  • Donating cash;
  • Donating securities;
  • Donating income property, or real estate;
  • Donating Stocks from a private or publicly traded company or corporation;
  • Making the Foundation the benefitiary in a Life Insurance Policy;
  • A combination of these options.

We would be happy to answer your questions about establishing an endowed fund. Please contact us to discuss your questions about your area of interest, at our email.

Real Estate

A gift of real estate to UdG Foundation 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.

The 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.

Not only can real estate be used to make outright gifts, it can also be used to make future gifts to the Universidad del Pacifico Sur.
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. 

A retained life estate gift allows you to give your home to the Foundation while retaining the 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

Copyright 1999-2014 — Fundacion Universidad de Golfito (ProSur).  Derechos Reservados, All rights reserved.
Publicado por Oficina de Divulgacion, Universidad del Pacifico Sur (ProSur), Golfito 60701, COSTA RICA

Last updated: 20 January, 2014