Endowment Funds- Long Term Sustainability
The Familial Trust began offering services to the community in 2001. Since that time over 25,000 people have come through the doors. It has taken incredible energy, creative endeavour, many many long days and nights by volunteers, staff, philanthropic individuals and organisations to generate the needed funds and gifts in kind to keep the agency running.
The continual effort required to raise funds on an annual bases by not for profit entities has been the norm in not only New Zealand but many other countries for centuries, while still necessary, The Familial Trust believes that creating an endowment or capital retention fund is the only viable funding initiative that can guarantee service delivery long term.
Endowment funding is made up of gifts and bequests that are subject to a requirement that the principal be maintained intact and invested to create a source of income for an organisation. An endowment requires that the principal remain intact in perpetuity.
The Familial Trust is so thankful for the generosity of those who have contributed to this vision of long term sustainability to enable the agency to continue to offer support to those in need.
A $10,000 or larger named endowment fund can be accumulated over time or a lump sum payment E.g. four yearly payments of $2,500- Weekly payments of $20 per week for ten years.
For more information contact:
Graeme Watson firstname.lastname@example.org
021-365-433 or 9811-093-Ext 2