 |
Annual Fund
Planned Giving
Endowment
|
|
Let Your Annual Gift Continue Forever
| Annual giving is the lifeblood of The Lovett
School and most independent schools and colleges. We count on the
Annual Fund dollars that are raised each year to maintain the margin
of excellence that makes a Lovett education so special.
A smart solution
Over the past several years, many charitable
organizations have begun campaigns to have their donors "endow"
their annual gifts. This process involves establishing a bequest, or
a gift in your will, the investments from which can create a gift
for Lovett each year—forever.
This type of endowed gift is a wonderful idea
for those Annual Fund donors who want to make sure that Lovett
continues to flourish. The following donors have made such gifts:
Mr. and Mrs. C. Knox Massey, Jr.
Mr. and Mrs. Ian James McCarthy
Mr. Randolph Whitfield
For Example
How much would it take to endow a $1,000 gift
so that Lovett could receive that income forever? Lovett's policy
for spending endowment income is to use 5 percent of the endowment's
total value each year. (This does not mean that it earns a total
return of only 5 percent, only that the school spends that amount;
it reinvests the difference to offset inflation.) To calculate the
needed number to endow, divide the annual gift amount—$1,000—by the
amount called for in the spending policy—5 percent—and you get
$20,000. So, contributing just $20,000 can continue the $1,000
annual gift indefinitely! |
Endow Your Annual Gift
|
If your
annual gift is:
|
Perpetuate it
by giving:
|
|
$100 |
$2,000 |
|
$250 |
$5,000 |
|
$500 |
$10,000 |
|
$750 |
$15,000 |
|
$1,000 |
$20,000 |
|
$5,000 |
$100,000
|
And remember, the school's spending policy
allows the asset value, and thus the annual income, to grow to help
offset inflation. Because of this increase, many donors can actually
increase their gifts over time. For example, with a total return of
10 percent in one year and with only 5 percent spent, the other 5
percent is reinvested. By the second year, the value of the fund is
5 percent higher, or $21,000, and the "gift" from the fund is
$1,050.
Learn More
To discuss your legacy of giving, contact Andy
Spencer in the Lovett Development Office by phone at (404) 262-3032,
ext. 1255; by mail at 4075 Paces Ferry Road, N.W., Atlanta, GA
30327; or by e-mail at
aspencer@lovett.org. |
|
|
|
