Many people give the gift of an endowment upon receiving some type windfall, such as profit from the sale of a business. Endowment donations allow you to use this profit as a charitable gift in a particular year for tax purposes. An endowment also allows you to distribute wealth before or upon your passing and avoid high estate taxes (if applicable). There is no minimum investment and no limit on the number of times you can give.
Our endowment consists of multiple, separate funds that originate with gifts and are established in perpetuity. Interest earned from an endowment fund is invested to generate annual income, not all of which is spent. A portion is returned to the principal to protect the fund’s future spending power. This type of gift allows your donation to continue supporting our ministries on an ongoing basis.
For more information or to make a donation to our endowment, please contact:
Mobile Loaves & Fishes, Inc
Venus Chin, Director of Finance
9301 Hog Eye Road, Suite 950,
Austin, TX 78724