What is #GivingTuesday?
#GivingTuesday is a global day of giving fueled by the power of social media and collaboration. Celebrated on the Tuesday following Thanksgiving, #GivingTuesday kicks off the charitable season, when many focus on their holiday and end-of-year giving.
What is an endowment?
In short, an endowment is designed for permanency and long-term sustainability. This is typically achieved by preserving both the original contribution(s) and any subsequent contributions that are then invested for long-term growth. Generally these funds are held by a qualified nonprofit organization or foundations as designated by the original donor(s). An endowment can grow through ongoing contributions and positive investment returns. A percentage of the earnings are used to advance the organization’s charitable mission.
Why should I donate to my favorite nonprofit’s endowment for #GivingTuesday?
There is instability in government grants, the transfer of generational wealth and tax laws changing, sot it’s important for a nonprofit to have a long-term sustainability plan. Nonprofits are doing such vital work and improving lives in our community, and we at the Community Foundation want to be a resource to help them in becoming sustainable for the long-term, a piece of which is endowment building.
Help your favorite nonprofit be sustainable for the future. Donate to their endowment today!