About the Maryland Public Broadcasting Endowment

In 1999, the MPT and its Foundation, established a charitable Endowment, which now consists of four distinct Endowment Funds:

• The Maryland Public Television General Endowment Fund, the disbursements of which benefit MPT as a whole.
• The Maryland Public Television Regional Programming Endowment Fund, the disbursements of which support programming, outreach, and/or web-based services relevant to the history, arts, sciences, nature, or other subjects involving the Maryland region, including Maryland, Delaware, the District of Columbia, Pennsylvania, Virginia, West Virginia.
• The Maryland Public Television Educational Programming Endowment Fund, the disbursements of which support programming, outreach, and/or web services chosen by MPT with a primary purpose being the education of the viewer/user. Children's programming is a prime example of the sort of services this Endowment Fund supports.
• The Maryland Public Television Program Acquisition Endowment Fund, the disbursements of which purchase special events programming and other programming from production companies and other distributors.

If the value of your bequest is $100,000 or more, we will gladly work with you to establish a Named Endowment, which would likely reside within one of the existing endowment funds

When you name MPT Foundation, Inc.'s endowment in your will/trust or as a beneficiary of a retirement plan or life insurance policy, the Foundation will invest the proceeds into the appropriate fund along with other previous gifts. A team of investment professionals manages the entire endowment, and no invasion of the net principal is allowed.

It is the policy of the Foundation's Board of Directors that no more than five percent (5%) of the fair market value of each of the Endowment Funds is to be made available annually for distribution. In some years, the Board may elect to distribute less. Assuming that each year, Maryland Public Television receives a distribution of approximately 5% of the value of the fund and the endowment earns an average of 8%, the additional 3% remains in the fund. Thus your original gift to Maryland Public Television is likely to increase over time.

The chart above illustrates the growth of the annual distributions to Maryland Public Television 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 Maryland Public Television. 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 to Maryland Public Television. Each year it will continue to grow. In year 50 it will be able to provide $3,799 dollars to Maryland Public Television.

All told, over the fifty years we have charted, the fund will have distributed a total of $108,367 in annual distributions to Maryland Public Television. All that from a single $20,000 gift that has now grown to almost $76,000 and continues to provide needed distributions to Maryland Public Television. 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% to Maryland Public Television leaving 3% additional in the fund each year.

Your original gift is not depleted; it provides annual support each year into the future.

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

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Please note, individual financial circumstances will vary. 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.This Planned Giving section has been developed for Maryland Public Television by Future Focus. Any problems, please contact section webmaster. Revised: November 17, 2005 18:22