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Endowments

An endowment is a specialized fund containing permanently held assets which are invested and retained by Jobs Partnership.

JP is required to indefinitely preserve the endowment principal, which guarantees a permanent source of support for the organization.

Funding an endowment to support Jobs Partnership helps further our commitment to provide positive generational impact in our community. Such a gift will help sustain our LifeWorks program by providing financial stability through the course of time.

Benefits:

• Creates an ongoing reliable source of income for the organization

• Provides relief when grant funding is decreased

• Helps secure the organization’s future

• Perpetuates the donor’s wishes after their lifetime

• Enables donors to make a more significant impact on the future

How It Works:

• Establishing an endowment requires a minimum donation of $100,000

• Can be funded immediately or through a planned gift such as a bequest

• Endowments generate an annual 5% payout in perpetuity

• An endowment agreement is created for how the fund is to be administered

• The donor may choose to name the endowment to commemorate their generosity or honor a loved one

For More Information

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Please Note

The information on this website is not intended as legal or tax advice. For such advice, please consult an independent attorney or tax advisor. 

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