When you include Saint Joseph's College in your
will/trust or as a beneficiary of a retirement plan or life insurance
policy, Saint Joseph's College will invest the funds in the endowment
with other previous gifts. A
team of investment professionals manages the entire endowment. Each year,
the College 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
The chart on the left 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 Saint Joseph's. 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.
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 Saint Joseph's 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.
The chart on the right illustrates how a gift
of $20,000 to the endowment will grow, providing greater
annual distributions to Saint Joseph's College. The illustration assumes the
same average investment rate of return of 8%, which is not a guarantee,
and annual distribution to the College of approximately 5% that we
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For more information or a confidential discussion of your charitable options, please email or call the Vice President and Chief Advancement Officer, Joanne Bean, at 207-893-7891.
Please note, individual financial circumstances
will vary. The information on this site does not constitute legal or tax advice, either in whole or in part. 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
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