Giving to an endowment, or creating one, is an excellent way to impact the quality of the leadership mission that FFA promotes and develops in its members, now, and for generations to come. While all gifts to the Michigan FFA Foundation support the FFA mission, endowments are particularly meaningful as they offer a dependable, perpetual source of funding.
What is an Endowment?
Endowed funds are unlike funds that are immediately expendable, in that the gift is invested. Each year, only a portion of the income earned from the investment is spent while the remainder adds to the principal growth. In this respect, an endowment is a perpetual gift. Endowments are absolutely essential if we are to remain leaders in agricultural education. It is a great way to link your legacy with our future....forever.
Why Should I Make an Endowed Gift?
Imagine making a contribution that leaves a legacy to the Michigan FFA for generations to come. This lasting impact can easily be made through the establishment of an endowment. Endowments enable the FFA to support excellent advisers, career development, leadership training and program success by providing a steady, consistent and permanent source of income. This steady stream of funding provides the assurance the FFA needs to recruit and retain the best and brightest members and advisers, and provide access to FFA programming across the state.
The Endowment Process
--It's easy to establish and endowment with the Michigan FFA Foundation.
*Endowed funds may be created with a minimum of $50,000 payable over five years, or through a future gift (a bequest) from your estate.
*Development staff will work with you to establish guidelines for your endowment to assure that your wishes and the needs of FFA are simultaneously met. These guidelines can be personalized to recognize the unique interests and intent of each gift, as well as create the opportunity to name the endowment after you, in honor of your family, or in memory of someone special.
*Once an endowment is established, a portion of the investment income, currently 5%, is available for spending, while the remainder is added to the fund's market value to grow the fund over time and safeguard against inflation.
*With your gift or pledge to create an endowment, you will automatically be eligible for recognition in Michigan State University and Michigan FFA donor societies.
You can contribute to an endowment through:
Cash or Checks indicating an allocation code or a name of an endowment
You can give any funds in your retirement account, IRA, 401K OR 401 (b)
You can give gifts of stock
You can give a charitable bequest or even a portion of your estate
Contact Ramey Lunceford at (517) 432-2482 for more information or to give in any of these ways