Menu
Search

Join

Help us write the next chapter...Leave a Legacy!

Endowment

When you include Friends and Foundation of the San Francisco Public Library in your will/trust or as a beneficiary of a retirement plan or life insurance policy, Friends and Foundation of the San Francisco Public Library will invest the funds in the endowment with other previous gifts. A team of investment professionals manages the entire endowment. Each year, the San Francisco Public Library receives a distribution of approximately 5% of the value of the fund. If the endowment earns an average of 8%, the additional 3% remains in the fund; thus your original gift will increase over time.

Growth of Endowment funds

The chart above illustrates the growth of the annual distributions of an endowment gift under these assumptions. The 3% net growth in the fund each year means the following year there is a greater amount available to the San Francisco Public Library. Looking at the chart, you can see that in the tenth year the fund has grown to the point where it is able to provide $1,361 annually. Each year it will continue to grow. In year 50 it will be able to provide $3,799 dollars to support our work.

All told, over the fifty years we have charted, your endowment gift of $20,000 will have distributed a total of $108,367 in annual distributions to the San Francisco Public Library and have grown to almost $76,000, continuing to provide needed support. Of course, this is based on the assumptions we outlined in the opening paragraph; that the fund grows at 8% each year and pays out 5% leaving 3% additional in the fund each year.

Your original gift is never depleted; it provides annual support each year into the future.

Endowment growth

The chart above illustrates how a gift of $20,000 to the endowment will grow, providing greater annual distributions to the San Francisco Public Library. The illustration assumes the same average investment rate of return of 8%, which is not a guarantee, and annual distribution to the San Francisco Public Library of approximately 5% that we used above.

Click here to return to Bequests.

If you have already made a legacy gift, please let us know so we may send you an invitation to our Mary Louise Stong Society Legacy Circle. If you intend to make a planned gift or have any questions, please email (craig.palmer@friendssfpl.org.) or call our Chief Advancement Officer, Craig Palmer, at (415) 477-5220 so we may provide you with more information and answer your questions.

Please note, individual financial circumstances will vary. The information on this site does not constitute legal or tax advice. Donor stories and photographs are for purposes of illustration only. As with all tax and estate planning, please consult your attorney or estate specialist. All material is copyrighted and is for viewing purposes only. Use of this site signifies your agreement with the terms of use. The content in this Planned Giving section has been developed for Friends of the San Francisco Public Library by Future Focus. Please report any problems to section webmaster.