Naming gifts can create current-use or endowed funds for any purpose, depending on the donor’s philanthropic goals and priorities. Based on the minimums as indicated in the chart below (list is not all-inclusive), a fund can be named for the donor, or as a tributary or memorial fund.
Tributes and Memorials
Gifts to honor a family member, friend, mentor, professor or other loved one are a thoughtful way to pay tribute or memorialize someone special. Honorary gifts, like all gift types, can create current-use or endowed funds (please review chart below for naming gift minimums). When a tribute or memorial gift is made and the honoree’s address is shared with us, we will send a letter notifying the honoree or honoree’s family of the donor’s generosity (we do not share the amount of the gift).
- Funds are expended during a short period of time
- Provide immediate impact to the benefiting area
- Funds are invested and maintained in perpetuity
- Annual income provides a long-term impact