The Endowment, secure, established under the umbrella of the Seattle Foundation
The Seattle Foundation, is long time and highly regarded local institution, and we are honored our Endowment based in that institution. There, Foundation Endowment funds are deposited and managed. It is hoped that over time the value of the Endowment will exceed $5,000,000 and the interest generated by the fund can be regularly used to benefit our school
Two funds have been created within our Endowment:
- A Sustaining Fund The Sustaining Fund is dedicated to short term growth and money will be distributed from it when the Fund balance exceeds $500,000
- Legacy Fund The Legacy Fund is dedicated to long-term growth based on the compounding of interest on contributions. It will begin to be distributed when the Legacy Fund balance reaches $10,000,000, or in 50 years. The balance in the Legacy Fund is currently only several thousand dollars, but it has the potential of being a major factor in supporting our high school, which has already existed for over 100 years
Other types of gifts:
It is the Foundation’s hope that the school’s friends and alumni will make appropriate gifts and pledges to the Endowment. Your gifts can be made in a variety of forms including gifts of:
- Cash – gifts of cash are a common way to fund an endowment
- Securities – gifts of securities can include shares of stock, shares of mutual funds, and bonds
- Real Estate – gifts of real estate may be accepted in many forms including real property, residential, commercial, and industrial properties, undeveloped land and ownership interests in such property
- In-Kind – gifts may consist of art, antiques, or other objects of value which will be considered for acceptance by the Foundation
Another very important way of funding the Endowment is through estate planning. Many have already provided for significant gifts to the Endowment in wills or other estate planning devices. If you have a will it is fairly easy to make provision in it for the Foundation. And remember mentioning the Endowment as a beneficiary of gifts in any obituaries that you prepare. Gifts to the Foundation and its Endowment are tax deductible.
If you have any questions concerning the Endowment, please contac
t Cam Hall at chall@camdenhall.com