Your Gift Can Last Forever
The Power of a Gift to Gonzaga's Endowment
An endowment gift to Gonzaga provides support for the young men of Eye Street that lasts long into the future. When you make a gift to our Endowment, you give a gift with both immediate and long-term benefits.
Gifts to Gonzaga's Endowment are strategically invested by the school and our Board of Trustees. Each year, a portion of the annual income from the investment is used to address immediate needs for the school, while remaining funds are reinvested to help grow the Endowment and provide indefinite support for generations to come.
Gifts to the Endowment can be restricted, so that the revenue generated by their investment is used for a specific purpose — such as scholarships. Or the use of investment proceeds can be unrestricted — to be used on whatever future purpose or need the school determines is best. In either case, the principle of your gift remains untouched, ensuring that your gift has a lasting impact on Gonzaga.
An Example of How It Works
Charlie is an alumnus who was raised by his mother — and was the beneficiary of the Kevin Carmody Scholarship (which provides financial aid to fatherless boys). In planning their estate, Charlie and his wife Susan have two goals: first, they want to support the Gonzaga education of boys who — like Charlie — are being raised by their mothers; second, they want to make sure the impact of their gift is felt long after they're gone.
Charlie and Susan make a $100,000 gift to Gonzaga's Endowment, which the school invests. Their original gift remains untouched — but they work with the Gonzaga Advancement office to stipulate that the income from their gift be used to support the Carmody Scholarship. Each year, a portion of the investment income is placed in the Carmody Scholarship Fund — where it goes to support young men like Charlie.
Not Sure How to Begin Planning?Download My FREE Personal Estate Planning Kit
- Contact Stephen M. Neill at (202)370-5341 or email@example.com to discuss endowed gifts.
- Seek the advice of your financial or legal advisor.
- If you include Gonzaga in your plans, please use our legal name and federal tax ID.
Legal Name: The President and Directors of Gonzaga College
Address: 19 Eye Street, NW, Washington, D.C. 20001
Federal Tax ID Number: 53-0204703
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.