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Making an endowed gift to YMCA of the East Bay Endowment Fund is one of the most powerful ways to have a lasting impact and ensure that the Y will continue to grow well into the future.
An endowment gift is a donation that is given with the intent to preserve the original value of the gift, and to grow it over time. The funds are held in perpetuity and invested, managed by an investment firm. The accumulated appreciation and income on the investment is used to fund an annual distribution. The annual distribution is spent according to the donor’s wishes.
At YMCA of the East Bay, the spending rule is a percentage of the value of the total endowment to determine the distribution each year. The spending rule calculation is often determined by the Board of Directors and is referenced in our policy. The goal of the endowment is to protect the corpus (original gift). Returns in excess of the annual distributions are retained in the endowment to keep the fund growing over time. The current endowment spending rate is up to 6% to a trailing twelve quarter average of the market value of the endowment portfolio and approved by the Board of Directors.
Yes, you can establish a named endowed fund.
For more information or to discuss your personal philanthropic goals, contact Manny Nungaray, Chief Development Officer at firstname.lastname@example.org.