Endowments
Interested In a Permanent Legacy to Support the Environment?
Consider Leaving a Bequest in Your Will or Trust to the Angeles Chapter Foundation ICO Endowment, or naming the Angeles Chapter Foundation ICO Endowment as a full or partial beneficiary of your Life Insurance Policy, Pension, IRA account, or Stock Brokerage or Bank Account.
Contributing to the Angeles ICO Endowment Can Be Your Legacy.
We think of our legacy in many ways. We think of our descendants, our life’s work, our written words or artistic creations. Our legacy can also be a philanthropic endowment carrying on programs important to us that express our values.
Helping to fund the Angeles ICO Endowment is one way you can create such a legacy — a legacy that can provide continued support for ICO programs you care about year after year. The goal is to ensure that the principal of your will or trust bequest will provide an income year after year to support these programs you care deeply about.
Q. So, what is an endowment?
An endowment is a gift usually made through a bequest in a will or trust to a nonprofit for the ongoing support of an important mission. The principal amount is kept intact while the investment income is available for use each year to support the mission and its programs.
Q. Why are endowments important?
An endowment creates financial stability, by providing a stable continuing reliable base of funds to support the mission of the organization and its donors.
Q. Who oversees the Angeles ICO Endowment?
The board of directors of the Angeles Chapter Foundation has legal and fiduciary responsibility for the Angeles ICO Endowment. Learn more about the Angeles ICO Endowment and the Angeles Chapter Inspiring Connections Outdoors (ICO) program.
Q. How are endowment investments managed?
The overall investment objective is to earn a safe consistent steady and growing income.
Q. How soon will funds contributed to endowments start to generate spending for programmatic purposes?
As soon as they start generating income, generally within a year.
Q. What is the minimum amount to contribute to the Angeles ICO Endowment?
There is no minimum to contribute to the Angeles ICO Endowment.
Q. How can I contribute to fund the Angeles ICO Endowment?
In addition to naming the Angeles ICO Endowment as a beneficiary to your will or trust, you can name the Angeles ICO Endowment as a full or partial beneficiary of your life insurance policy or bank account or stock brokerage account, or pension. Your life insurance agent, bank, or stockbroker will have the necessary forms, or you may be able to do this online. Read more about the Angeles ICO Endowment.