Why should I donate to an endowment instead of directly to a charity?
Maximizing the impact of your annual gift
When donating directly to a charity, think of your gift as money in, money out. Nonprofits, generally, will use that donation to pay for day-to-day expenses and costs to provide services and programs. Annual gifts are certainly highly valued and provide much needed support.
Your donation to endowment is a great way to sustain your favorite local nonprofit beyond a single fiscal year and help keep the lights on and the door open so they can focus on helping the communities they serve.
A gift to the Community Foundation of Lorain County is invested and only a portion of the interest earned is distributed as grants annually – forever!
Plus, gifts to endowment are pooled for greater investment returns, and the proceeds from diverse funds are combined to make larger, more impactful grants in the community.
In many cases the Community Foundation may already have an endowment that directly supports your favorite school, church, or nonprofit.
Check out our donation page to search for organizations or causes you care about and donate online.
Giving through the Community Foundation has extra benefits:
- Easy! You can make a recurring monthly donation. Simple set up, pick an amount that fits your budget, and we take care of the rest.
- Options! We accept a wide variety of assets including complex gifts like real estate, artwork, or jewelry.
- We love working together! We partner with your professional advisor to create effective and tax-favorable approaches for your charitable giving.
- We’ve got your back! The Community Foundation conducts due diligence on every dollar granted, ensuring that the receiving nonprofit is still in good standing and the donor’s intention is fulfilled.
We are here to help fulfill your personal, financial, and charitable wishes. For more information, contact me at 440.984.7390 or email candrews@peoplewhocare.org.
Best wishes,
Cynthia H. Andrews
President and CEO