THE POWER OF ENDOWMENT
An endowment by definition is a gift that provides income, maintaining the principal (the amount of the original gift) in perpetuity, investing to produce present and future income to support charitable purposes. Your gift – and all future earnings from your gift – becomes a permanent source of community capital, helping do good work today and in the future.
For example, an endowment set up today will make charitable distributions totaling the amount of the gift within about 16 years. But, the fund will live forever and keep supporting human services.
An endowment is your opportunity to benefit the community forever. It can be as simple as including a bequest for human services in your will. Because bequests are deferred, they allow you to make a gift far larger than you could during your lifetime. A bequest can be a specific dollar amount or a percentage of your estate.
To make a bequest, use the suggested following language in your will:
“I give and bequeath to The Greater Cincinnati Foundation, an Ohio nonprofit corporation (FEIN 31-0669700) (the sum of money, percentage of estate, or description of gift). I request this Fund be named the ______________________ Fund and be held and administered in accordance with the Articles of Incorporation and Code of Regulations creating The Greater Cincinnati Foundation, as now or hereafter amended. Further, the charitable purpose of this fund shall be to make annual distributions to United Way of Greater Cincinnati for its unrestricted charitable purposes.”