Establishing an endowed fund is one of the most powerful and strategic ways to achieve your philanthropic goals. If you already have a charitable fund, we can convert it at any time to an endowed fund to maximize your impact and charitable legacy.

How an Endowed Fund Works:

  • When you establish an endowed fund, you receive the maximum available tax deduction for the amount contributed.
  • Your gift is invested and it, and all future earnings from it, grow tax-free, ensuring a permanent source of charitable support.
  •  You make charitable grants annually from your fund to the causes most important to you using a percentage of the fund’s long-term average market value. 
  • The fund’s principal grows over time, preserving your gift, and your legacy, for future generations. 

Endowed Fund Advantages:

  • Endowed funds have lower administrative fees - starting at only 1%!
  • You can open a new endowed fund for $5,000
  • Your gift will continue to provide a legacy of sustaining support to organizations important to you.

The graph below is a great example of how a CFL endowed fund works. It assumes a 4.5% annual spending rate and a 6.5% rate of return. These assumptions are consistent with CFL’s historical long-term investment experience.

To learn more about CFL’s endowed funds, please call our Development and Donor Services team at 843-681-9100.