The Endowment Fund allows donors to make
charitable donations and is well suited to the donor
who doesn't want to be as active in the giving process
or for testamentary bequests. The endowment fund
will also be the charitable remainder interest for life
income arrangements (CRTs, CGAs and Pooled
Income Funds). An advisory Board of Trustees will be
established to screen and approve grants and other
charitable distributions. |
The unrestricted endowment fund makes grants in
accordance with the grant guidelines established and
accepted by the Board of Directors.
The restricted endowment fund allows donors
to establish perpetual support for a specific
organization(s) or cause. Restricted funds can be
funded during one’s life or as a testamentary trust.
Planned Giving
Tools are designed to assist potential
donors in a number of ways for a number of reasons.
Charter Charitable Foundation will work with donors
and their advisors to create and implement a
personalized planned giving program. Various
vehicles can provide support to a charity or charities of
choice during your lifetime, provide a stream of income
for life or provide charitable tax deductions while
potentially reducing estate costs. Charter Charitable
Foundation can assist you in this process with the
following planned giving tools:
- Charitable Gift Annuities
- Bequests
- Charitable Remainder Trusts
- Charitable Remainder Uni-Trusts
- Retirement Plan Gifts
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