Endowment Fund

Endowment Fund

By making a gift to Pal-O-Mine’s Endowment Fund you will ensure that Pal-O-Mine will be around in the future to carry out its mission.

What is an endowment fund?

An endowment is a fund built up from a single large donation or several smaller donations. The principal (the original amount) of the fund is invested, and most of the income is used to fund the activities of the organization. A small portion of the income is reinvested to grow the principal over time, which in turn, produces more income. This allows the fund to generate support for the organization’s mission in perpetuity

By making a gift to Pal-O-Mine’s Endowment Fund you will have peace of mind knowing that:

  • Pal-O-Mine’s future is secured and the mission will be continually achieved
  • You will be leaving a lasting legacy
  • You control the funds during your lifetime
  • Your gift can be an opportunity to give back to Pal-O-Mine for a valuable experience or service for yourself, family member or friend
  • Your endowment can be made to permanently honor a loved one
  • The charitable tax deduction can be used to reduce estate taxes

Pal-O-Mine accepts the following types of bequests:

  • Specific bequest – a certain amount of cash or securities
  • Percentage bequest – a stated percentage of your estate
  • Charitable trusts
  • Insurance policies
  • IRA or other retirement funds

Endowments are the gifts that keep giving

The easiest and most efficient way to donate to Pal-O-Mine’s Endowment Fund is through a bequest in your will or living trust. A bequest will link your legacy to the future of Pal-O-Mine forever. To make a bequest you should contact your attorney and estate planner. Please also call Carol Evers at Pal-O-Mine so that we may thank you for your gift. You can call Carol at 631-348-1389 or email her at cevers@pal-o-mine.org.

Pal-O-Mine