Believing that God has entrusted us with resources,
so we may give generously and joyfully,
we encourage individuals to consider a variety of ways to give.
|Ways of Giving|
|A Child called Charity|
|Revocable Deposit Agreement|
|Donor Advised Funds|
|Gifts of Registered Funds (RRSP/RRIF)|
|Charitable Gift Annuities|
|Charitable Remainder Trusts|
Endowments are simple, flexible giving tools which allow you to support one or more charity(ies) or cause(s) for a defined period of time, or perpetually!
An endowment is a gift to a charity that is to be used for a special purpose. The charity can only use the gift for that purpose. Since an endowment is usually distributed over a period of time, any amount which is not given to a charity remains invested so the principal of the gift grows until it is required to be used for the specified purpose. You may want to have the entire gift distributed over a period of 'X' years, or have the principal locked in perpetuity with only the income distributed each year.
If your family is considering setting up a private foundation, an endowment may be a simpler alternative. Since an endowment is a special fund or account within by an existing charity, there is no need to set up a new organisation, board of directors, etc.
CSS manages hundreds of endowment accounts on behalf of individuals and institutions. If you are interested in learning about how you can set up a personal/family endowment of your own, or one on behalf of a charity you support, don't hesitate to contact us.