AMERICAN ANGUS ASSOCIATION - THE BUSINESS BREED
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Endowments and Memorial Gifts
ESTABLISH AN ENDOWMENT OR MEMORIAL
Endowments can be established with a minimum sum of $10,000. As the word "endowment" infers, these funds are permanently held on deposit by the Angus Foundation with only the annual investment revenue available for expenditure(s) toward the program(s) designated by the donor at the time of the gift. Existing endowments can be increased at any time with additional gifts. The investment revenue generated by these subsequent funds will be expended in accordance to the guidelines and parameters established at the time of the endowment's inception.
There is a multitude of attractive features and attributes of an endowment with the primary one perhaps being the satisfaction of knowing your gift will "keep on giving" in perpetuity. You may want to permanently leave your own Angus legacy with your or your farm’s name. Or you may want to honor and pay tribute to an Angus mentor or fellow esteemed Angus breeder. Endowments can also be a way to permanently memorialize a beloved family member or Angus friend in a meaningful and lasting profound manner.
We welcome and frequently receive "in-memory" gifts that, unless designated otherwise by the donor, are "non-endowed" and these contributions provide an important source of discretionary funding that in turn can be used for scholarships or other purposes deemed appropriate by the Angus Foundation. Whether the memorial gift is endowed or non-endowed, we will notify the deceased's family that a memorial gift (no amount disclosed) has been made in memory of their loved one.
Regardless, permanent endowments can be funded with outright cash gifts while a donor is living or be funded as a result of a planned charitable gift strategy to fund the endowment upon your death. Examples of these planned (or deferred) charitable gift strategies include bequests, life insurance policies, charitable trusts, gift annuities, etc. We then use the annual investment revenue for the purpose you designate. We would be glad to visit with you about any of these planned charitable gift strategies.