Endowments: The Gifts That Keep On Giving
An endowment is a forever gift, a way to ensure your support for the places and organizations you care about most, like ours, lives on forever. When you establish an endowment or contribute to an existing one, you create a lasting legacy that reflects your values.
How an Endowment Works
When you make an endowed gift to Vail Health Foundation, only a small portion of your gift will be spent each year. The balance is invested, allowing the gift to live on in perpetuity.
Funding Your Endowment
There are many ways to fund your endowment without using cash. Some allow you to establish your gift now, while others won’t go into effect until after your lifetime.
- Appreciated assets. Using appreciated assets that you have owned for more than one year may allow you to eliminate capital gains tax on the asset’s appreciation.
- Life insurance. Name us the beneficiary of your life insurance policy, or make us the owner of a policy you no longer need.
- Retirement plan assets. Consider naming us beneficiary of your retirement plan assets. After your lifetime, the funds will go to establishing your endowment.
- A gift in your will or living trust. Your gift to Vail Health Foundation can be a specific amount or a percentage of your residuary estate.
A Heartfelt Gift
When you want a gift to reflect the admiration and respect you have for the recipient, material objects just don’t measure up. Creating a named endowment for your loved one is the perfect way to honor the person far into the future.
Ensure your support for our mission lives on for generations to come. Please contact Aaron Ciszek at 970.569.7574 or aaronc@vailhealth.org and Anne Walters at 970.569.7648 or anne.walters@vailhealth.org to get started.
The information in this publication is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.
