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An endowment is an investment fund or permanent fund, which is set aside for an organizations long term support and needs. Typically only the income or a portion of the income is used and the principal is preserved or kept intact.
The endowment fund will help The Semiahmoo Foundation by increasing its financial stability and making long range planning possible, which will help to produce an on-going stream of income. It also helps The Foundation become more financially self-reliant and independent, therefore protecting the Foundation and Semiahmoo House Society, which it funds, in years to come when other revenue may be reduced. In addition, these funds can allow our annual or major donors to increase their support in a strategic ‘planning’ type manner while also meeting their philanthropic goals.
A donor can often experience a great sense of satisfaction in setting up a fund in perpetuity, as they appreciate that their gift will ‘live on’ and thus generate a legacy for themselves and family members. An endowment fund can be a long-lasting and meaningful way to honor and remember loved ones.
If you require more info around an endowment fund or are considering an endowment fund to the Semiahmoo House Society, please contact (604) 536-1242 ext. 232 Director of Development of the Semiahmoo Foundation.