You might think of it as an RRSP securing vital programs for tomorrow. A named endowment is a deeply personal statement of who you are, what you believe in and in what way L'Arche made an impact on your life. Donations made to your endowment fund are permanently invested and only the investment income is spent each year in support of the program area of your choice.
Endowment funds can be established to support one of the four focus areas:
The purpose of an endowment fund is to permanently fund vital programs that receive little or no government funding. Endowment funds allow L'Arche to provide a better quality of life than government funding alone would allow.
At L'Arche, endowment funds begin with a financial commitment of $10,000. Once a fund is established, you can continue to build your fund in many ways:
Funds are individually named to honour a donor, a family, or a loved one. The endowment agreement between the Foundation and the donor ensures that the legacy you create today will live on perpetually in the name that you have chosen and fulfill your philanthropic objectives for generations to come.
To begin your endowment fund, please contact Donna Steinberg for more information.