The Endowment Fund

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.

The Life Income Fund

A Life-Income Fund is for donors who are in need of a stream of income for life or a specific period of time.

The gift of the remainder is made to the Foundation in exchange for that income stream. Charitable gift annuities are cost effective vehicles to establish and provide a fixed stream of payments for life, based on the donor’s age(s). Upon the death of the annuitant(s), the remaining balance would fund the general endowment fund.

Planned Giving Tools

These 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

Download a copy of the Donor Application:   Donor Application